Oil loading operations at the UAE's Port of Fujairah resumed following a drone attack and fire, though it remained unclear if operations were fully back to normal. An Indian-flagged tanker carrying 80,800 tonnes of Murban crude departed safely for India after the strike. The port remains a vital strategic export bypass located outside the Strait of Hormuz.
The United States is pursuing an energy dominance strategy to expand oil and gas exports, but faces headwinds from evolving markets and China's growing influence. China's position as the world's top crude importer is reinforced by roughly 1.4 billion barrels in stockpiles, alongside strong clean-tech supply chains. These structural market shifts have also weakened OPEC's historical influence over global oil prices.
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