UAE: Weaponizing Hormuz Is Economic Terrorism Against the World

UAE: Weaponizing Hormuz is Economic Terrorism Against the World

Iran’s weaponization of the energy and trade flows through the Strait of Hormuz amounts to economic terrorism against every nation in the world, according to the United Arab Emirates (UAE), which has seen its LNG and most oil supply choked at the vital chokepoint.   “Twenty million barrels a day. Nearly a fifth of the world’s oil and gas. Over a third of the world’s fertilizer. Almost a quarter of the world’s petrochemicals and significant amoun…

Iran attacks in Strait of Hormuz are ‘economic terrorism against every nation,’ UAE oil CEO says

Sultan Ahmed Al Jaber, CEO of the UAE's state-owned oil company, said the Strait of Hormuz must re-open to resolve the supply shock.

Al Jaber: Weaponizing Strait Of Hormuz Is Economic Terrorism Against All Nations

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG, said today weaponizing the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets. Speaking at CERAWeek, taking place in Houston, Texas, Dr. Al Jaber said when the Strait of Hormuz is threatened, the human cost is exponential, and…

"Choking" Strait of Hormuz is "economic terrorism" against the world, says UAE energy CEO

The effective closure of the vital Strait of Hormuz by Iran is “economic terrorism against every nation,” the head of a state-owned energy giant in the United Arab Emirates has said. “Much of the oxygen of the global economy runs through a single throat. And yet there are those who believe that choking that throat is an acceptable strategy,” said Sultan Ahmed Al Jaber, CEO of ADNOC (the Abu Dhabi National Oil Company), referring to the waterway …

Dr Sultan Al Jaber: No country should hold Hormuz, global economy hostage

Dr Sultan Al Jaber said the only way to stabilise markets is to open the Strait of Hormuz The post Dr Sultan Al Jaber: No country should hold Hormuz, global economy hostage appeared first on Gulf Business.