A fragile ceasefire between Iran and its adversaries has collapsed as Iran launched a barrage of missiles and drones at the United Arab Emirates, targeting key oil infrastructure and ships in the Strait of Hormuz.
The attacks sparked major fires at the Fujairah oil port and led to a sharp spike in global oil prices, with crude surpassing $114 per barrel. The UAE claims to have intercepted multiple missiles and drones, but some still caused significant damage. The escalation has heightened fears of a broader regional conflict, with the US and its allies increasing military readiness and warning Iran of severe consequences.
The renewed hostilities threaten global energy supplies and have rattled financial markets worldwide.
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