Drone hits US tanker at Damietta
Analysis based on 73 articles · First reported Jul 29, 2026 · Last updated Jul 31, 2026
Oil prices spiked sharply, with Brent Crude rising over 8% to above $90 per barrel, reversing earlier declines. The escalation threatens global energy supplies and shipping routes, particularly through the Strait of Hormuz and the Suez Canal, increasing volatility in energy markets.
On July 29, 2026, a drone struck the US-owned floating storage tanker Energos Winter at Egypt's Damietta port, causing a fire that spread to another vessel, Gaslog Salem. The fire was extinguished with no casualties. The attack occurred amid a sharp escalation in the Middle East conflict: Iran fired missiles at US forces in Jordan and at ships in the Strait of Hormuz, while the US and Saudi Arabia jointly struck Iran-backed paramilitary groups in Iraq, killing at least 20 members of the Popular Mobilization Forces. Yemen's Houthis declared a naval blockade on Saudi Arabia. US President Donald Trump vowed to retaliate against Iran, stating 'we're going to hit them very hard.' Iran confirmed its attacks and rejected an Omani proposal to jointly manage the Strait of Hormuz. Oil prices surged, with Brent Crude rising over 8% to above $90 per barrel. The conflict, which began with US and Israeli strikes on Iran in February, has now lasted five months with no end in sight.
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