UAE accuses Iran of renewed drone and missile attacks

The benchmark Brent crude oil price passed $115 a barrel shortly after reports that Fujairah had come under attack, up more than 5% on the day.

In Oman, two people were injured when a residential building was targeted in Bukha, along the coastline of the Strait of Hormuz, state media reported on Monday.

Earlier on Monday South Korea also reported an explosion on one of its ships anchored just off the UAE.

Washington denied a claim in Iranian state media that Iranian missiles had hit a US ship, while Trump said the US had shot down seven Iranian fast boats in the Strait; Iran denied that this had happened.

Iranian state television quoted an unnamed military official as saying Iran had 'no plans to target the UAE'.

The United States said navy destroyers and US-flagged merchant ships sailed through the Strait of Hormuz.

A large fire broke out at the Fujairah oil port after it was hit by a drone attack from Iran; three Indian nationals were injured, according to local officials.

Trump said the US would start helping stranded vessels out of the shipping lane in the Strait of Hormuz, noting that about 20,000 seafarers on 2,000 ships had been stuck since the US-Iran war began in February.

In early April, the United States and Iran announced a ceasefire under which Iran ended its drone and missile strikes on Gulf countries including the UAE, according to the article.

The article notes that the US and Israel launched air strikes on Iran in February, marking an escalation in the conflict between the US and Iran that is referenced later in the report.