Tag: Iran

  • UAE Condemns Iran Attack on Habshan Gas Facility and Bab Field

    UAE Condemns Iran Attack on Habshan Gas Facility and Bab Field

    The UAE Ministry of Foreign Affairs issued a strong statement following the attempted strike on critical energy infrastructure, describing the attack as a direct threat to regional security and global energy supply.

    “The UAE reserves its full right to take all necessary measures to protect its sovereignty and national security, and to safeguard its national interests,” the ministry stated.

    This terrorist attack targeting critical infrastructure and oil facilities represents a direct threat to regional security and stability, as well as to global energy security.

    The attack comes amid a broader escalation across Gulf energy infrastructure. Reuters reported that Iran had warned of retaliatory strikes on energy sites in Saudi Arabia, the UAE and Qatar after Iranian gas facilities were hit on Wednesday.

    In Qatar, missile attacks caused extensive damage at Ras Laffan Industrial City, the centre of the country’s LNG operations, although no casualties were reported. The strikes mark a significant escalation in regional tensions, with critical energy infrastructure now directly in the crosshairs.

    Oil Markets React to Energy Security Threat

    Oil markets responded sharply to the latest attacks. Brent crude rose by as much as 3 per cent on Thursday as investors assessed the growing risk to energy infrastructure and supply routes.

    Brent futures climbed $3.69, or 3.44 per cent, reaching $111 per barrel earlier in the day. US West Texas Intermediate (WTI) crude rose $2.29, or 2.38 per cent, to $98.61.

    The attacks on UAE facilities follow a pattern of escalating strikes across the region. Earlier this week, Dubai’s property market demonstrated resilience despite ongoing regional geopolitical tensions, with industry leaders citing structural advantages and diversified buyer base as key factors supporting continued capital inflows.

    The UAE’s air defence systems successfully intercepted the attack, preventing damage to the Habshan gas facility and Bab field. No injuries were reported, according to official sources.

    The incident underscores the vulnerability of Gulf energy infrastructure and raises fresh concerns about the security of global energy supply at a time when markets are already under pressure from geopolitical instability.