04.05.2026 - 23:50 [ Middle East Eye ]

Oil surges past $115 after reported drone strike on UAE port

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.