UAE's Fujairah port was hit and the damage is being assessed, Bloomberg reports citing sources

UAE's Fujairah port was hit and the damage is being assessed, Bloomberg reports citing sources.

The reported damage at UAE's Fujairah port could raise concerns about supply chain disruptions, particularly for oil and metal exports. This situation may lead to increased volatility in commodities markets, especially WTI and Brent crude, while also impacting currency markets with potential flows into safe havens. Watch for reactions across energy and FX markets as the situation develops.