On July 7th happened in Jebel Ali Port from the market, there’s a fire accident , which is the main commercial hub in Dubai, the United Arab Emirates.

The fire accident happened on a container ship’s explosion, which also caused huge tremors across the whole neighborhoods within around 25 kilometers.

The accident did influence the crude oil price, which caused the crude oil price on the West Texas Intermediate to rebound by over 0.5% intraday.