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Sultan Al Jaber, Minister of Industry and Advanced Technology and Managing Director & Group CEO of ADNOC, said on the “X” platform, “50 days since the closure of the Strait of Hormuz: around 600 million barrels of oil have been disrupted.”
He added: “50 days of mounting pressure on liquefied natural gas, jet fuel, fertilisers, and essential materials that the world depends on.”
Al Jaber continued: “Every missing barrel raises costs for ordinary people everywhere. The global economy cannot afford more uncertainty.”
He stressed: “The strait must not be used as a tool of threat. We must call things what they are: paying for safe passage is extortion. The Strait of Hormuz is a global waterway and must return to the world, as it was before.”
