Oil loading operations in UAE's Fujairah resume after drone incident

Oil Loading Resumes in UAE's Fujairah After Drone Incident

Oil loading operations in the port of Fujairah, United Arab Emirates, have resumed following a drone incident that triggered a fire, according to media reports. The incident led to the suspension of some operations initially, but the activities have now restarted. The U.S. recently targeted Iran's Kharg Island, a key oil export terminal, and tensions between Iran and the UAE are escalating. The resumption of operations in Fujairah is a significant development for global oil markets as it is a major oil bunkering hub. The incident underscores the potential risks of geopolitical tensions on international trade and energy security. For more details, follow CNBC.