Fujairah

A giant VLCC oil tanker caught fire off the coast of Fujairah in the Gulf of Oman following a suspected attack. The incident comes amid a sharp spike in maritime strikes, pushing Brent crude prices above 102 dollars per barrel.

The UAE has a significant advantage over other Gulf states — a port located outside the Strait of Hormuz. Now the Emiratis are planning to expand the port's infrastructure, without mentioning the Iranian threat.