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Aug 2026
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Analysis: Why Iran struck the Fujairah oil facility and is “dragging” the US & Gulf countries back into war

The strategically important oil facility in Fujairah is critical for the global energy market – The port lies outside the Persian Gulf and is connected to UAE pipelines that bypass the Strait of Hormuz

Double drone attack by Iran: Fire at oil facility in Oman, repeated alerts in Dubai

Oil prices surged again, rising above $113 after the attack on facilities in Fujairah

Iran submits new proposal to US to end the war

Tehran’s latest proposal, delivered through Pakistani mediation, comes at a moment when negotiations appear to have reached a stalemate

Donald Trump met with Chevron and other oil giants: Concerns over the “war shock” in energy prices

The U.S. president regularly holds meetings with industry executives in order to stay informed about developments. Gasoline prices in the U.S. have reached $4.18 per gallon, the highest level since 2022

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