An explosion rocked an LNG vessel at Egypt's Damietta Port after a drone strike. This incident raises fears of conflict spreading to energy hubs. US and Saudi forces conducted strikes targeting Iran-backed groups in Iraq. Iran confirmed missile launches against US military sites and maritime operations. Global oil prices surged over eight percent following these developments.

A drone hit a US-owned gas storage tanker at Egypt’s Mediterranean port of Damietta, British maritime security firm Ambrey said on Wednesday, citing an

LONDON: A drone has hit a US-owned gas storage tanker at Egypt’s Mediterranean port of Damietta, maritime security firm Ambrey said on Wednesday, citing an initial assessment of…