Back to today’s briefing

Story perspectives

Fujairah Port Resumes Oil Exports Amid Tensions

3/15/2026

41 4 Full Breakdown

Summary

Story summary

Oil-loading operations at Fujairah port resumed after a drone attack and a fire halted exports.
The incident occurred after U.S. airstrikes on Iran’s Kharg Island, heightening regional tensions.
Fujairah, a key bypass of the Strait of Hormuz, handles about 1 million barrels per day (1% of global oil demand).
The International Energy Agency notes unprecedented disruptions to oil flows and emphasizes reopening of the Strait of Hormuz.

History

Historical Context

In May 2019, drone attacks on four oil tankers near Fujairah port, a strategic hub for oil transport, heightened tensions between the U.S. and Iran amid ongoing conflicts. The attacks, attributed to Iranian proxies, occurred after the U.S. withdrew from the Iran nuclear deal in 2018, reinstating sanctions and escalating regional instability. These incidents disrupted global oil supplies, affecting about 5% of production.

1 of 2

Story summary

Oil-loading operations at Fujairah port resumed after a drone attack and a fire halted exports.
The incident occurred after U.S. airstrikes on Iran’s Kharg Island, heightening regional tensions.
Fujairah, a key bypass of the Strait of Hormuz, handles about 1 million barrels per day (1% of global oil demand).
The International Energy Agency notes unprecedented disruptions to oil flows and emphasizes reopening of the Strait of Hormuz.

1 / 2