The UAE repelled an attack by an Iranian drone
Brent crude oil surpassed $91 per barrel
Photo: tuan12 / Shutterstock
The United Arab Emirates (UAE) military repelled an attack by Iran, according to Bloomberg.
On the morning of August 31, the UAE Air Force “responded to a drone approaching from Iran,” according to a statement by the UAE Ministry of Defense on X. The drone, according to the ministry, “was detected over UAE territorial waters”. The ministry did not specify exactly where this occurred, while denying reports of a missile attack on the U.S. Al-Minhad Air Base in Dubai. Earlier on Monday, the Iranian news agency Tasnim reported that this base had been attacked by Iran in response to U.S. military strikes on the Iranian island of Larak in the Strait of Hormuz.
On August 30, the U.S. attacked Iranian positions for the first time in more than a month: The strike targeted a small island in the Persian Gulf where, according to the U.S. military, Tehran had set up a clandestine toll station for tankers passing through the Strait of Hormuz and was using it to monitor ship traffic.
Against this backdrop, oil prices jumped by more than 3% on August 31: Brent rose to an intraday high of $91.5, while WTI reached $86.79. As of this writing, Brent is trading around $91 per barrel, while WTI is trading above $86.
This article was AI-translated and verified by a human editor
