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The VTTI facility is co-owned by the IFM Global Infrastructure Fund, Vitol Group and ADNOC. Credit: iralgo74\/Shutterstock.com.<\/p>\n
Iranian aerial strikes near the Strait of Hormuz reportedly hit the VTTI oil terminal in Fujairah, United Arab Emirates (UAE), on 4 May, according to Bloomberg<\/a>.<\/p>\n The facility is co-owned by IFM Global Infrastructure Fund, Vitol Group and the Abu Dhabi National Oil Company (ADNOC).<\/p>\n \n\t\t\t\t\t\tCombine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.\n\t\t\t\t\t<\/p>\n The strikes were confirmed by the news agency through sources that wished to remain anonymous as they were not authorised to comment publicly.<\/p>\n According to Fujairah\u2019s media office, the attack resulted in three people being hospitalised.<\/p>\n The office also reported in a separate post that a drone strike from Iran caused a large fire at an oil industrial zone in the city.<\/p>\n The escalation followed another Iranian strike on an ADNOC oil tanker off Oman\u2019s coast, alongside a reported explosion affecting a South Korean vessel in the strait.<\/p>\n ADNOC\u2019s maritime energy logistics unit said that crude oil tanker the Barakah was empty when it was hit by two drones, and no injuries were reported, according to Reuters<\/a>.<\/p>\n These incidents have contributed to a spike in oil prices.<\/p>\n Fujairah has increasingly become a crucial hub for crude and fuels, particularly as tensions escalate in the region.<\/p>\n Hours before this attack, Iran\u2019s Tasnim news agency reported Tehran\u2019s expanded control zone in the strait, which encompasses areas south of Fujairah, to manage shipping activity.<\/p>\n Amid these developments, US President Donald Trump announced plans to escort vessels through the Persian Gulf, with US Central Command confirming the passage of two US-flagged ships in the region on 4 May.<\/p>\n Since US and Israeli strikes began on 28 February, Iran has restricted most non-Iranian vessels from entering or leaving the Gulf.<\/p>\n Tehran has also warned that ships it deems unauthorised could be targeted while passing through the Strait of Hormuz, a key chokepoint carrying roughly 20% of global oil and gas flows.<\/p>\n Earlier, the UK Maritime Trade Operations (UKMTO) said a tanker reported being struck by unidentified projectiles around 78 nautical miles north of Fujairah in the UAE. The vessel was later confirmed to be the Barakah.<\/p>\n![\"\"\/](\"https:\/\/www.offshore-technology.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/img\/globaldata_marketing_solutions_logo.svg\"){kind=logo}
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