Iran Strikes Fully Loaded Oil Tanker off Dubai Coast as UAE Sharply Raises Fuel Prices
Dubai. Authorities in Dubai said Tuesday morning they “contained” a Kuwaiti oil tanker after it came under attack from Iran. Officials said there was “no oil leakage and no injuries reported.”
The Dubai Media Office earlier said a drone hit the Kuwaiti tanker in Dubai waters.
Also on Tuesday, the United Arab Emirates set sharply high gasoline and diesel prices for the coming month, with gasoline up more than 30% and diesel up more than 70%.
The UAE government sets the price monthly in line with international pricing, which has spiked amid the Iran war and Tehran's continued chokehold on the Strait of Hormuz.
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In the UAE, diesel fuel will jump to 4.69 dirhams ($1.28) a liter, up from 2.72 dirhams (74 cents). The new price is $4.38 a gallon for diesel, lower than the average gallon of diesel in the United States, which sits at $5.45 a gallon.
Premium gasoline in the UAE will be 3.39 dirhams (92 cents) a liter. That’s $3.49 a gallon, where the premium on average in the US is $4.90 a gallon.
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