Iran has launched missiles and drones targeting the Fujairah Oil Industry Zone in the United Arab Emirates, causing Brent crude to reach its highest closing price of 2026 at $114.44 per barrel. This pipeline served as a vital alternative route for the Strait of Hormuz, and the assault occurred shortly after President Trump initiated Project Freedom. With even other oil pathways now under threat, the prices of gasoline, airline tickets, and groceries in the US are likely to rise further. Here's what Americans need to prepare for.
