ADNOC Chief Calls Hormuz Attacks Economic Terrorism Threatening Global Oil
ADNOC CEO Sultan Al Jaber denounces Iran’s attacks on shipping in the Strait of Hormuz as ‘economic terrorism’ that hostage-holds the world, noting hundreds of missiles and more than 1,700 drones launched at the UAE since the conflict began and eight deaths with 161 injuries; with about 20% of global oil and LNG passing Hormuz, he says the key to stability is keeping the strait open, while several oil majors canceled in-person appearances at CERAWeek due to the war.