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Iran Hits UAE Gas Field as Trump Pushes Allies to Help on Hormuz

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Iran set a massive natural gas field in the UAE ablaze, escalating attacks on key energy sites and raising the prospect of regional supply disruptions. US President Donald Trump appealed to allies and China to help reopen the Strait of Hormuz, highlighting the risk of higher oil and gas prices, shipping delays and elevated geopolitical risk premia.

Analysis

Iran set a massive natural gas field in the UAE ablaze, escalating attacks on key energy sites and raising the prospect of regional supply disruptions. US President Donald Trump appealed to allies and China to help reopen the Strait of Hormuz, highlighting the risk of higher oil and gas prices, shipping delays and elevated geopolitical risk premia.

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