
UAE Oil CEO Labels Iran's Strait of Hormuz Attacks as 'Economic Terrorism'
Sultan Ahmed Al Jaber, CEO of ADNOC, condemned Iran's attacks on the Strait of Hormuz as economic terrorism during CERAWeek, stressing the global security threat. The conflict escalated from U.S.-Israeli strikes on Iran, prompting Iranian missile and drone attacks on the UAE that caused casualties. Oil prices initially rose over 30% but fell after Trump delayed strikes for negotiations. The strait's closure has disrupted 20% of global oil shipments. Other oil CEOs also avoided the conference due to safety worries. Al Jaber urged international action to keep the vital waterway open.






















