Key UAE Oil Hub Suspends Loadings as War-Related Halts Mount

The key port of Fujairah in the United Arab Emirates has suspended oil loadings, according to a shipping agent and a person familiar with the matter, the latest halt after a series of earlier war-related strikes on the country’s only crude oil export route outside the Strait of Hormuz.

Loading berths at the Fujairah Oil Tanker Terminals, which handles liquid cargo including fuels, were halted as of Tuesday morning, according to a note from Inchcape Shipping Services. A terminal operated in a joint venture with Dutch firm Koninklijke Vopak NV has also suspended operations at its offshore mooring point, according to the note.