Iranian drone hits residential tower in Dubai, strikes more shipping assets

Iran escalated attacks on parts of Dubai and shipping assets, heightening concern about the length of the West Asia war and the impact on already volatile energy markets.

Dubai authorities reported at least two strikes on Thursday after residents received missile alerts overnight, underlining the threat to the financial and tourist hub long seen as a safe haven.

One drone fell on a building in Creek Harbour, a new development of residential towers. Banks including Goldman Sachs Group and Citigroup told staffers in Dubai to stay away from their offices.


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The latest Iranian attacks, which included several drones fired at Kuwait's international airport, came as Israel began a fresh wave of large-scale strikes across the Islamic Republic. Defence Minister Israel Katz said the military is also preparing to expand its operations in Lebanon, where it's fighting the Iran-aligned Hezbollah militia.

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Two crude tankers were hit in Iraqi waters and Oman temporarily evacuated a key oil-export terminal of Mina Al Fahal as risks to global energy supply deepened.

The US national average cost for a gallon of gasoline rose to $3.58 on Wednesday, its highest since May 2024, American Automobile Association data showed.