Oil Flows Resume at UAE’s Fujairah After Drone Strike as Brent and WTI Hold Strong Gains

Oil loading has resumed at the United Arab Emirates’ Fujairah terminal, a key export outlet for roughly 1 million barrels per day of Murban crude, after operations were disrupted by a drone strike and subsequent fire over the weekend. The restart eases immediate concerns over supply flows outside the Strait of Hormuz and could temper recent risk premiums embedded in Oil – Brent Crude and Oil – US Crude benchmarks.

Over the past month, both benchmarks have rallied sharply, with U.S. crude gaining about 56% and Brent advancing roughly 52%, moves that reflect tightening supply expectations and elevated geopolitical risk rather than demand alone. On a 1-day view, technical models signal a near-term bullish bias for Brent and WTI, with each registering a Buy and Buy indication respectively, though recent volatility highlights the sensitivity of these trends to further regional disruptions; Investors can explore more updates, prices, and analysis across global markets at Commodities.