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🔴 The Middle East Energy Center is under attack again, with a fire at the UAE storage and transportation hub raising concerns about supply disruptions.
Debris from a downed drone caused a fire at Fujairah, the UAE's main oil trading hub, marking the latest in a series of events affecting key energy facilities in the Middle East region.
Civil defense forces are working to control the fire. Earlier on Tuesday, another fire was reported in the area, while operations at a major oil terminal and a refinery were suspended the day before.
Fujairah is a critical refueling port and one of the largest oil storage and trading centers in the Middle East. Located outside the Strait of Hormuz, it holds strategic significance for the UAE.
Through a pipeline connecting regional storage tanks to Abu Dhabi oil fields, Fujairah also serves as an important alternative export route for the UAE.
However, the capacity of this pipeline is still insufficient to fully replace all of the UAE's oil flow through the Persian Gulf and the Strait of Hormuz.
Source: Vnwallstreet