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International Business Times UK
International Business Times UK
Politics
Bernadette B. Tixon

Iran Fires on the One Port Designed to Bypass the Strait of Hormuz, and Oil Markets Are Already Reacting

Fire at the Fujairah Oil Industry Zone on 3 March 2026 after drone debris fell inside the facility — the port sits outside the Strait of Hormuz and serves as a key bypass route for global oil shipments. (Credit: Screenshot from X/Twitter/@krassenstein)

There is a reason Fujairah matters more than most people realise. Tucked along the UAE's eastern coastline on the Gulf of Oman, the port sits just outside the mouth of the Strait of Hormuz, which means tankers can load and sail without ever entering the waterway Iran has now effectively declared shut. That bypass geography is precisely what made it a target on Tuesday.

A fire broke out inside the Fujairah Oil Industry Zone after debris from an intercepted drone fell within the facility, Fujairah's government media office confirmed, adding that no injuries were reported and that the blaze had been brought under control. Traders and suppliers said that storage facilities at the port had been struck. Storage operators, including Vopak, VTTI, MENA and GPS, had already suspended operations and restricted staff access before Tuesday's attack. The suspensions were already in place, and the drones came anyway.

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