The UAE is nearing completion of a pipeline to bypass the Iran-blockaded Strait of Hormuz, set to double ADNOC's export capacity through Fujairah by 2027, amid severe global energy disruptions.
Iran's Foreign Minister Abbas Araghchi has stated that ships entering the Strait of Hormuz must cooperate with the Iranian navy, amidst reports of a ship being seized near a UAE port. Iran claims the strait remains open for commercial ships under its naval oversight. This comes after the US imposed a counterblockade on Iranian ports, stranding thousands of ships. Araghchi, speaking at a Brics meeting in India, denounced US and Israeli actions, calling them violations of international law, and urged Brics nations to condemn these violations. He also warned the UAE that cooperation with Israel would not ensure protection. Meanwhile, a new UN Security Council resolution, sponsored by Bahrain and the US, condemning Iran's blockade is set for discussion, with Iran facing potential rebuff. However, Iran claims a deal with China has allowed oil tankers bound for China to pass through the strait since Wednesday, with China agreeing to limited charging, potentially undercutting US opposition.
India and UAE are finalizing an agreement to facilitate the evacuation of Indian workers via Fujairah port, a move likely to be signed during PM Modi's upcoming stopover. This pact addresses potential disruptions from the West Asia conflict, offering a crucial maritime route for over 4 million Indian workers in the UAE.
According to the report, the shipment will be loaded at the port of Fujairah in the Gulf of Oman, which is connected by pipeline to UAE oil fields
Iran's attack on ships in the Strait of Hormuz and a drone strike on the Fujairah Oil Industry Zone sent Brent crude to $114.44 and WTI to $106.42, while the 10-year Treasury yield climbed to roughly 4.44% and the 30-year broke above 5%. Bitcoin registered an intraday high of $80,717.66 on May 4, putting its […] The post Iran-UAE tensions are pushing Bitcoin toward a record bond-market danger zone appeared first on CryptoSlate.
Iran's attack on ships in the Strait of Hormuz and a drone strike on the Fujairah Oil Industry Zone sent Brent crude to $114.44 and WTI to $106.42, while the 10-year Treasury yield climbed to roughly 4.44% and the 30-year broke above 5%. Bitcoin registered an intraday high of $80,717.66 on May 4, putting its […] The post Iran-UAE escalation pushes Bitcoin’s bond-market test into the 4.5% danger zone appeared first on CryptoSlate.
Oil prices surged Tuesday as Iranian-linked attacks and military clashes heightened fears of disruption in the Strait of Hormuz. Brent crude rose 6% to $114.44 a barrel, while WTI settled 4% higher at $106.42. The Fujairah Oil Industry Zone was struck by a drone, with Emirati officials blaming Iran.
Earlier, the press service of the government of the emirate of Fujairah reported that three Indian citizens were injured as a result of an Iranian drone strike on an oil industrial complex
A large fire has broken out at the key Emirati oil port of Fujairah, which lies beyond the largely-blocked Strait of Hormuz.
A drone strike from Iran injured three Indian nationals in Fujairah, UAE, igniting a fire at the petroleum industries zone. UAE defense confirmed four missiles were launched, with three intercepted. The Indian Embassy is ensuring medical care for the injured. This incident escalates regional tensions concerning energy infrastructure security.
A Marinha da Guarda Revolucionária do Irã negou, nesta segunda-feira (4), informação divulgada pelos Estados Unidos (EUA) de que navios comerciais, com bandeira estadunidense, tenham passado pelo Estreito de Ormuz com ajuda de navios de guerra dos EUA. “Nenhum navio comercial ou petroleiro passou pelo Estreito de Ormuz nas últimas horas, e as alegações das autoridades americanas são infundadas e completamente falsas”, informou, em comunicado. Notícias relacionadas:Mísseis atingem navio de guerra dos EUA que tentava entrar em Ormuz.Segundo navio é atacado no Estreito de Ormuz em menos de 24 horas.Proposta rejeitada por EUA abriria Ormuz antes de negociação nuclear.Duas horas antes, o Comando Central dos EUA, que atua na região do Oriente Médio, divulgou que navios de guerra teriam atravessado o estreito escoltando dois navios comerciais estadunidenses como parte do plano de Trump, anunciado nesse domingo (3), para restabelecer o comércio em Ormuz. “Como primeiro passo, dois navios mercantes de bandeira americana atravessaram com sucesso o Estreito de Ormuz e estão a caminho de sua jornada em segurança”, diz comunicado dos militares estadunidenses. Segundo os EUA, a missão inclui navios de guerra de mísseis guiados, mais de 100 aeronaves terrestres e marítimas e 15 mil militares. Em contrapartida, a Guarda Revolucionária do Irã divulgou mapa com nova área de controle marítimo sobre Ormuz com duas linhas de segurança que funcionariam como “novas fronteiras de controle” do Estreito. O novo Estreito de Ormuz controlado pelas Forças Armadas da República Islâmica do Irã. Ao sul, uma linha entre o Monte Mubarak, no Irã, e o sul de Fujairah, nos Emirados Árabes Unidos. A oeste, uma linha entre a ponta da Ilha de Qeshm, no Irã, e Umm Al Quwain, nos Emirados Árabes Unidos - Tasnim News Agency/Divulgação Petróleo Em meio a essa guerra de narrativas sobre a navegação no Estreito de Ormuz, por onde transitavam até 20% do petróleo do planeta, o preço do barril do petróleo Brent, referência no mercado, subiu 5% nesta segunda-feira, ultrapassando os US$ 114 dólares. Ao anunciar o plano para restabelecer o comércio na região, Donald Trump ameaçou o Irã caso o “processo” de navegação for impedido. “Essa interferência terá, infelizmente, de ser combatida com firmeza”, disse em uma rede social. As autoridades iranianas têm insistido que não é possível reabrir o Estreito de Ormuz por meio das redes sociais, somente por meio de uma negociação que coloque um fim definitivo à guerra, incluindo a frente no Líbano. Um dos mais importantes comandantes do Irã, o major-general Ali Abdollahi, aconselhou os navios comerciais e petroleiros “a se absterem de qualquer tentativa de passar pelo Estreito de Ormuz sem coordenação com as Forças Armadas [do Irã] estacionadas lá para não colocar em risco sua segurança”. Há relatos de dois navios comerciais atacados no Estreito de Ormuz em 24 horas. A Marinha do Irã, por outro lado, diz que impediu a passagem de navios estadunidense-israelenses pelo Estreito, tendo atingido um navio de guerra dos EUA no Golfo do Omã. Os militares dos EUA negam terem sido afetados.
A large fire has also broken out at the key UAE oil port Fujairah, after it was hit by an Iranian drone attack. Follow live.
A large fire has also broken out at the key UAE oil port Fujairah, after it was hit by an Iranian drone attack. Follow live.
Raid ha provocato un incendio in un impianto energetico nell'emirato di Fujairah
Oil prices rose Monday as Trump announced "Project Freedom," a U.S. military operation to free cargo ships trapped by the Strait of Hormuz closure. Brent crude futures jumped 2.27% to $110.63/barrel while WTI added 1.98% to $103.96. The operation involves destroyers, over 100 aircraft, and 15,000 service members. Meanwhile, a tanker was hit by projectiles north of Fujairah, UAE, highlighting shipping dangers. OPEC+ also agreed to increase output by 188,000 bpd. Analysts warn $125 Brent could trigger global recession.
Oil prices were mixed Monday with Brent at $101.94 and WTI at $108.33 as Trump announced 'Project Freedom' to free ships trapped by the Strait of Hormuz closure. A tanker was hit by projectiles north of Fujairah, UAE, highlighting shipping dangers. Meanwhile, OPEC+ agreed to a 188,000 bpd output increase. Moody's Analytics warned that sustained oil prices around $125 could push the global economy into recession.
Oil prices dipped as markets weighed the U.S. military's 'Project Freedom' to clear trapped ships in the Strait of Hormuz and a modest output increase from OPEC+.
Oil prices rose modestly in choppy trade Monday as markets assessed Trump's announcement of 'Project Freedom' to free ships trapped by the Strait of Hormuz blockade. Brent crude futures rose 0.12% to $102.09 per barrel while WTI gained 0.18% to $108.36. The operation involves U.S. military assets including guided-missile destroyers, over 100 aircraft, and 15,000 service members. Meanwhile, a tanker was hit by projectiles north of Fujairah, UAE, highlighting ongoing risks. OPEC+ also agreed to increase output by 188,000 barrels per day.
