Key facts
- A drone strike hit a U.S.-owned gas storage tanker at Egypt's Damietta port on July 29, 2026.
- The drone strike caused a fire that spread to a second vessel.
- Authorities responded promptly to the incident at Damietta port.
- The situation at Damietta port is reportedly under control.
- U.S. wheat futures rose on Wednesday.
- Concerns over Black Sea grain export disruptions influenced the wheat market.
- Attacks on port infrastructure contributed to Black Sea disruption concerns.
- Corn and soybean prices eased on Wednesday.
On July 29, 2026, a drone strike targeted a U.S.-owned gas storage tanker docked at Egypt's Damietta port. The strike resulted in a significant fire that subsequently spread to a second vessel. Egyptian authorities responded swiftly to the incident, and reports indicate that the situation has since been brought under control.