Fujairah Port, one of the largest global hubs for the storage and transshipment of oil and petroleum products, was struck by an Iranian attack. This was reported by the American [Bloomberg](https://www.bloomberg.com/news/articles/2026-03-03/uae-reports-major-fire-at-fujairah-oil-hub-from-drone-debris). The oil hub on the coast of the Gulf of Oman was hit by an attack from an Iranian drone. As a result, one of the largest oil storage facilities, Vopak, as well as a refinery, suspended operations. According to UAE authorities, the fire in the port was caused by debris from the drone, and there are no reported injuries. Civil defense units are currently trying to control the fire. Fujairah Port is located on the coast of the Gulf of Oman, outside the Strait of Hormuz, making it a strategically important alternative for exporting oil from the United Arab Emirates. It owes this status mainly to the pipeline that connects oil storage tanks in the area with oil fields in Abu Dhabi. However, the pipeline's capacity is insufficient to fully replace the oil flows from the emirate that pass through the Persian Gulf and the Strait of Hormuz. As a result of the escalation of the conflict in the Middle East, gas and oil prices have surged sharply. Due to drone attacks, operations at some facilities, including the world's largest liquefied natural gas plant in Qatar, have been suspended. Additionally, shipping in the crucial Strait of Hormuz has effectively come to a halt. On February 28, the Islamic Revolutionary Guard Corps (IRGC) of Iran ordered the closure of shipping traffic in the Strait of Hormuz. On Sunday, March 1, officials stated that passage is prohibited only for vessels associated with the American military.