ADNOC CEO calls any Iran curbs on Hormuz passage ‘economic terrorism’

Abu Dhabi state oil company ADNOC’s CEO ​Sultan Al Jaber described ‌any restriction of passage through the Strait of Hormuz by ​Iran as “economic terrorism”. “When ​Iran holds Hormuz hostage, every ⁠nation pays the ransom, ​at the gas pump, at ​the grocery store, at the pharmacy,” Al Jaber said in a ​speech in the ​US on Wednesday. “No country can be ‌allowed ⁠to destabilize the global economy in this way. Not now. Not ever.” Al Jaber, ​during ​a ⁠meeting with US Vice President JD Vance ​earlier in the ​day, ⁠said free passage through the Strait of Hormuz was ⁠the ​only durable ​solution to stabilizing global markets.

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