![\"Crude](\"https:\/\/shipandbunker.cdn.speedyrails.net\/a\/img\/_asp_50d4225d68e7286225e7f5e53c46e718.v.652.jpg\")
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\n\tThe UAE issued a Iranian missile threat alert this morning. File Image \/ Pixabay<\/p>\n
\n\tCrude futures rose on Friday morning after an exchange of fire between US and Iranian forces in the Strait of Hormuz on Thursday raised concerns over a possible breakdown in the fragile ceasefire between the two sides.<\/p>\n
\n\tThe ICE July Brent contract traded at $101.22\/bl as of 5:08 AM in London, up by $1.16\/bl from a settlement of $100.06\/bl on Thursday.<\/p>\n
\n\tUS President Donald Trump confirmed in his social media post on Thursday that three US destroyers had successfully transited the Strait of Hormuz \u201cunder fire,\u201d claiming Iranian missiles and drones targeting the vessels were intercepted and that the Iranian attackers and small boats involved were destroyed.<\/p>\n
\n\t\u201cOur three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a \u2018Wall of Steel,\u2019\u201d Trump said.<\/p>\n
\n\tMeanwhile, the UAE issued a national missile threat alert on Friday morning following missile launches from Iran.<\/p>\n
\n\t\u201cThe UAE’s air defenses are currently dealing with missile and drone attacks originating from Iran, and the Ministry of Defense confirms that the sounds heard in various parts of the country are the result of the UAE air defense systems intercepting ballistic missiles, cruise missiles, and drones,\u201d the UAE\u2019s Ministry of Defense said in a social media post on Friday.<\/p>\n