EMA MONITORING GLOBAL DEVELOPMENTS
This comes amid retaliatory Iranian attacks on energy infrastructure in the Gulf since last Saturday, when the US and Israel declared war on the Islamic republic.
In Oman, drones have hit ports and fuel tanks, while in the United Arab Emirates, an oil storage zone was hit by falling debris from an intercepted drone.
Gas prices have risen since Qatar shut its LNG facilities, which supply around 20 per cent of global LNG exports, on Monday due to the war, now into its fifth day.
Iran on Wednesday also claimed it had “complete control” of the Strait of Hormuz, with an Iranian general threatening to “burn any ship” trying to pass through it. A key waterway for energy transit, it is where around 20 per cent of global seaborne oil travels.
