Oil loading operations at UAE’s Fujairah have resumed: edia reports

The fire at the major oil bunkering hub on Saturday had resulted in the suspension of some operations, according to reports. Reuters and Bloomberg reported Sunday citing unidentified industry sources and people familiar with the situation that the operations have resumed.

A spokesperson for Abu Dhabi’s state oil giant, ADNOC, which operates in Fujairah, directed CNBC to the Fujairah Media Office, which did not immediately respond to CNBC’s emailed requests for comment.

Iran on Saturday threatened to attack the infrastructure of its neighbor, the United Arab Emirates, urging people to evacuate three major ports that Tehran claims are now “legitimate targets” because they were used by the U.S. to attack Iran.

Mizan, Iran’s official judiciary news agency, claimed without providing evidence that U.S. forces are located in the civilian ports of Jebel Ali, Khalifa and Fujairah in the UAE. The news agency urged residents in and around those ports to immediately evacuate, saying the facilities “may be targeted in the coming hours.”

On Friday, U.S. President Donald Trump said that he directed the U.S. Central Command to carry out a bombing raid, hitting military targets on Iran’s Kharg Island for the first time.

Kharg Island has been thrust into the global spotlight because it is regarded as one of Iran’s most sensitive economic targets. The terminal accounts for around 90% of the country’s crude exports and has a loading capacity of roughly 7 million barrels per day.

Analysts say that any attempt to attack or seize it would require a ground troop operation, which the U.S. appears reluctant to undertake. An attack would also likely prompt a sustained increase to already soaring oil prices.

On Friday, Brent crude oil futures closed above $100 per barrel for the second straight day, and the global oil benchmark has surged more than 40% since the war in Iran began.