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Drone Strike Ignites Egyptian FSRU, Trump Threatens Iran, Brent Surges

7/30/2026

30 4 Full Breakdown

Summary

Story summary

A drone strike hit the Energos Winter FSRU at Damietta port, igniting a fire that spread to the Gaslog Salem.
Egypt’s Petroleum Ministry, led by Minister Karim Badawi, reported response teams extinguished the fire with no casualties.
U.S. President Donald Trump warned the United States would “hit them very hard” and vowed retaliation against Iran.
Brent crude rose over 8% on July 29, pushing the benchmark above $90 a barrel.

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Story summary

A drone strike hit the Energos Winter FSRU at Damietta port, igniting a fire that spread to the Gaslog Salem.
Egypt’s Petroleum Ministry, led by Minister Karim Badawi, reported response teams extinguished the fire with no casualties.
U.S. President Donald Trump warned the United States would “hit them very hard” and vowed retaliation against Iran.
Brent crude rose over 8% on July 29, pushing the benchmark above $90 a barrel.