Oil prices continue their upward incline, with Brent crude climbing to fresh intraday highs after reports of a drone strike targeting a key oil facility in the United Arab Emirates.
Brent rose above $115 a barrel shortly after 17:00 BST, gaining more than five percent on the day, following reports that the port of Fujairah had come under attack.
Kuwait said on Wednesday its air defences were intercepting a wave of Iranian drones launched since 8 a.m. (0500 GMT), according to the army.
The National Iranian Oil Refining and Distribution Company reported the incident, according to Shana, the news outlet of the Iranian Oil Ministry.
The company said the facility was struck around 10:00 local time. No casualties were reported.
Iran has already retaliated in the last few minutes with drones and missiles
Lavan a small but strategic facility on a 78 km² island.
It processes ~35,000 bpd of crude + 20,000 bpd condensate into naphtha, gasoline, kerosene, gas oil & fuel oil.
Source: Rerum Novarum
Multiple explosions were reported Wednesday morning at Iran‘s Lavan refinery and Sirri Island, hours after the U.S.-Iran ceasefire was announced, with the source of the blasts unknown, Iran‘s Mehr news agency reported.
The explosions came shortly after Trump announced that Tehran had submitted a “workable” 10‑point negotiation framework, leading to a temporary halt in the joint US‑Israeli military campaign that began on February 28.
– U.S. President Donald Trump has warned that a “whole civilization will die tonight,” but said Iran still has time to capitulate ahead of a deadline set for 8 p.m. EDT. The American leader issued the stark threat Tuesday, about 12 hours ahead of his deadline for Iran to agree to a deal that includes reopening the Strait of Hormuz.
– The U.S. also struck military targets on the Iranian oil hub of Kharg Island, according to a White House official who was not authorized to speak publicly and spoke on condition of anonymity. The attack marked the second time the island was targeted. Israeli warplanes, meanwhile, struck bridges and railways in Iran.
– Trump on Monday threatened to blow up every bridge and power plant in Iran, an action that would be so far-reaching that some experts in military law said it could constitute a war crime. Trump said that he’s “not at all” concerned about committing war crimes.
Previous attacks have included the assassination of a top Iranian nuclear scientist travelling at high speeds in a car on an isolated road with a remote-controlled automatic machine gun; malware attacks on computers running key parts of Iran’s nuclear programme; and the theft of an archive of nuclear documents.
Another Iranian source told MEE that amid the latest attacks, Iran had „made a clear statement“ to Saudi Arabia that it was not behind the strikes on Saudi Aramco‘s Ras Tanura, which houses the kingdom‘s largest domestic refinery and is a key crude export terminal.
„This is an Israeli effort to sabotage regional peace and alliances between neighbours,“ the source added.
A Foreign Ministry official told Middle East Eye that Israel was behind strikes against Saudi Arabia and at least one attack on Oman, asserting: „I can categorically say that some of the attacks were not carried out by us [Iran].“
The claims follow at least five drone and missile strikes on Saudi facilities, including the Ras Tanura oil refinery and the US embassy in Riyadh, alongside two targets at Oman‘s Duqm Port.
(February 13, 2026)
Just a day earlier, two Mexican navy vessels docked at the same harbor carrying more than 800 tons of humanitarian aid, including fuel and essential supplies, underscoring the urgency of Cuba‘s shortfalls. The aid mission arrives as the Caribbean nation of nearly 10 million faces not only economic hardship but also continuing pressure from the longstanding US trade embargo.
(January 8, 2026)
After the U.S. military abducted Venezuelan president Nicolas Maduro on Saturday, Wall Street watchers were quick to declare the biggest winner: Paul Singer, the $6.7 billion (net worth) hedge fund manager famous for investing in distressed assets around the world. Amber Energy, a Houston-based startup backed by Elliott, recently prevailed in a U.S. federal court auction to buy Venezuelan oil company Citgo, which owns three refineries in Louisiana, Texas and Illinois, plus a distribution network of 4,000 Citgo gas stations, for $5.9 billion – what many deem to be a steal.
The United States and Saudi Arabia signed an economic partnership agreement and a number of energy deals between Saudi oil giant Aramco and American companies during the visit of U.S. President Donald Trump to the Kingdom on Tuesday.
U.S. crude oil prices rose more than 4% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran‘s oil industry in retaliation for Tehran‘s ballistic missile attack this week.
The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply.
As usual, the Russian authorities say that „there were no casualties or damage, no fire occurred“.
At the same time, Russian Telegram channels posted photos and videos taken by local residents showing the strikes at the plant.
Video shows the moment Ukrainian drones targeted an oil refinery in Moscow region on Sept. 1, in what appeared to be one of the largest Ukrainian drone attacks on Russia yet.
In this conflict frontiers have no significance, control of resources is the primary prize, with forces arising in borderlands seeking their revenge on once contemptuous metropolitan elites. Trafficking networks across swathes of desert are extensions of the “battlespace”, and almost innumerable actors with an axe to grind or an agenda to pursue vastly outnumber those who seek to stop the fighting.
All of this happens in a shadowy penumbra defined by backroom deals, obscure alignments of interests, brutal realpolitik and disinformation. The poor and the weak and the unarmed suffer most, as ever.
The attack came as a refinery fire separately broke out in the country‘s northwest and a 5.9-magnitude earthquake struck nearby, killing two people
A government bid to cut back pensions has pitched France into its longest strike in decades. But as one railworker organizer tells Jacobin, the dispute is about more than retirement insurance — it’s about stopping Emmanuel Macron’s whole agenda.
Den 38. Tag in Folge wird ein großer Teil der Züge nicht verkehren, und in Paris wird man sich nur eingeschränkt mit der Metro fortbewegen können. Auch Raffinerien und Treibstofflager sollen weiter blockiert werden. Außerdem haben die sieben Gewerkschaften, die die Rentenreform frontal bekämpfen, zu Kundgebungen aufgerufen. Es ist bereits der fünfte nationale Protesttag.
Far-left leader Jean-Luc Melenchon, head of the France Unbowed (LFI) party, added on Twitter: „These are not (New Year) wishes but a declaration of war to the millions of French who refuse his reform.“
Already another day of mass protests is set for January 9, when teachers, dockers, hospital workers and other public sector employees are expected to join transport workers by striking for the day.
Energy workers have also called for a three-day blockade of the country‘s oil refineries and fuel depots starting January 7, raising the spectre of petrol shortages.
Dominica ist Mitglied im Wirtschaftsbündnis Petrocaribe, wodurch die Insel venezolanisches Erdöl zu Vorzugspreisen erhält und Mitglied im Bündnis ALBA. Dominica will gemeinsam mit Venezuela auf der Insel eine Raffinerie errichten und im Bereich der geothermischen Energiegewinnung sowie der Wasserkraftnutzung zusammenarbeiten.
(28.06.2019)
Experts confirm that the attack was a well-planned operation. Pipes are at a depth of dozens meters underwater. Such a difficult mining mission can be completed only by trained and well-equipped specs. This fact excludes the operating of the irregular militants.
(24.06.2019) The network carries crude oil from the coast to tankers at the port of Banias. The port city houses one of Syria’s two refineries. The other is located in Homs, in central Syria.
Last month U.S.-led forces blew up three oil tankers in Syria in the latest push against the Syrian government which is fighting rebel groups in their last remaining stronghold in Syria, in Idlib.
Syria is heavily dependent on crude oil imports through the Mediterranean, with a lot of the oil coming from Iran.
(1.2.2019) USA being the largest buyers of Venezuelan heavy crude tightening all screws around Maduro. Madura seems adamant and expecting some help from Russia or Iran to bail him out of the situation, but that seems unlikely under the current circumstances. PDVSA being the special purpose vehicle for Maduro seems running out of fuel very soon and will not be able to support Maduro very long. China is withholding business ties and ongoing Refinery project JVs with PDVSA in the situations . Under this circumstances , all roads for Maduro are coming to an end.