General · 18 May 2026
UAE Plant Attack Sends Oil Above $111
Illustration: AI-generated for editorial context. Not photographic evidence.
Higher fuel costs may follow as fears grow over oil supplies near the Strait of Hormuz. Brent crude rose above $111 a barrel following a drone strike that hit the Barakah nuclear power plant in the United Arab Emirates on Sunday, amid ongoing tensions between the US and Iran. US crude also reached $108.70, its highest level since April 30.
Reported by Reuters · How we write briefs