Fujairah oil terminal out of action: satellite images shown

Middle Eastern media reports indicate that the oil terminal in Fujairah (UAE) has been disabled. It will not be able to resume operations until early May, provided no further attacks are carried out.

As of now, several oil tanks at the main terminal site in Fujairah have been destroyed by strikes. Significant damage to the ramp used for pumping oil into tankers has also been reported.

Meanwhile, the fire at the Fujairah terminal continues. There is a risk that the blaze will completely destroy the terminal.

Against this backdrop, oil prices remain high. Brent crude is trading at $102-$103 per barrel. Russian Urals crude peaked at $94 per barrel today and has now retreated to the $91-$92 range.

Experts believe that if oil prices don't fall within at least two to three weeks, and if the Strait of Hormuz remains blocked during that time, criticism of Trump will intensify not only in the United States but also among US regional allies, including the UAE. After all, for a number of Gulf countries, the situation is approaching critical, as they have lost a fundamental economic opportunity—the ability to export contracted oil—and therefore could begin to lose the contracts themselves.

Comments

[KCA]

How can one not remember Zadornov here, or, to put it another way, what we fought for, we got

[knn54]

If oil gets into the Gulf, desalination plants will be ruined.

[paul3390]

That is, if Donnie's true goal wasn't to collapse Gulf supplies and send oil through the roof...

[kosmozoo]

That is if Donnie's true goal wasn't to disrupt supplies from the Gulf.

Well, you've just given this delusional old man a run for his money, flattering his ego. Considering his hysterics, he was planning a meeting with flowers, but now he's having to deal with parcels with striped boxes.

[berlaga2005]

But will the Gulf monarchies survive this whole story? That's a big question. And what might emerge in their place is also a question.
Monarchies are largely held together by American bayonets. And no one can predict what the US plans are now.

[Mouse]

The further you go, the more terrible it becomes...

[STUG III]

When Trump was informed that the Iranians had blocked the Strait of Hormuz

[tralflot1832]

All Trump can do is claim that if I hit Haruk with all my might, I'll destroy everything. The redhead is pissing himself, afraid of an oil and gas crisis in the global economy, especially in Europe. Who will buy American goods? China and Russia? Of course we'll buy them at dumping prices. Bloomberg claims shipments are ongoing from Fujairah. But there could be vested interests involved here. To keep oil prices down.

[Most polite]

Well, Russian oil has already skyrocketed by a third, which kind of hints that prolonging the conflict is not a bad option.

[Prisoner]

Our mineral fertilizer producers could also rise. That's where things are headed.

[Magic archer]

Looking at everything that's happening, I immediately realize that World War III is in full swing... All that's left is to wait for the use of nuclear weapons, and that's it... What are the people who rule the world's so-called elite thinking?! Do they really want to experience nuclear winter for themselves?! After all, it's clear that if Iran is cornered, there might be little left of the Jews if nuclear weapons are used... And then it all goes down the drain....

[Normann]

Does anyone care about them?

[Aken]

Who will use nuclear weapons against Israel? It's clear who will use them against Iran.

[kosmozoo]

I suspect that current oil prices are like the dollar exchange rate in the USSR—there's a rate, but no dollar. Otherwise, why are flights to Southeast Asia being cancelled due to a lack of kerosene, and why are there huge lines at gas stations in China?

[Egoza]

For a number of Gulf countries, the situation is now approaching critical, as they have lost the basic capacity of their economies

So who's their doctor? They need to think and support the right side.

[AK-1945]

Indeed, for a number of Gulf countries, the situation is now approaching critical, as they have lost the basic ability of their economies – the ability to export contracted oil – and therefore may begin to lose the contracts themselves.

And you don’t have to play on the bad guys’ side, there won’t be any problems.

[snow mountain]

Quote: paul3390

That is, if Donnie's true goal wasn't to collapse Gulf supplies and send oil through the roof...

Americans won't particularly appreciate rising fuel prices. And then there are the coffins and military spending.