Brent jumps to $114 after UAE oil hub hit

By The BriefBrief

Brent crude futures rose about 5.36% to around $113.97 after Iranian missiles struck the Fujairah oil hub and a tanker was hit near the Strait of Hormuz.

WHO: Brent crude futures

WHAT: Brent crude futures surged following strikes on the Fujairah oil hub and a tanker near the Strait of Hormuz

WHEN: May 5, 2026 at 6:54 AM ET

WHERE: Fujairah, United Arab Emirates

WHY: The price move was triggered by Iranian missiles striking the Fujairah oil hub and a drone hit on a tanker near the Strait of Hormuz.

Reporting from 2 identified publishers across this event arc.

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