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The Economic Times

Economy / The Economic Times

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Drone strike hits LNG vessel at Egypt's Damietta Port

An explosion rocked an LNG vessel at Egypt's Damietta Port after a drone strike. This incident raises fears of conflict spreading to energy hubs. US and Saudi forces conducted strikes targeting Iran-backed groups in Iraq. Iran confirmed missile launches against US military sites and maritime operations. Global oil prices surged over eight percent following these developments.

30 Jul 2026 7:29 am