As a barrage of Iranian missiles rained down on the Fujairah oil terminal, the explosion was deafening and the destruction dramatic: a brutal fire, thick black smoke stretching into the sky – and untold damage to one of the region’s crucial pieces of fossil fuel infrastructure.
The Fujairah terminal is part of the UAE’s key oil export route because it bypasses the Strait of Hormuz, loading up ships with about 1.7 million barrels per day. The attack on 4 May was one of many it has come under since the start of the war in the Middle East. Pension holders in Cambridgeshire, Dorset, and Leicestershire may be alarmed to discover that their savings are invested in it.
