ADNOC CEO Al Jaber: At least 4 months to get oil flows back to 80% of pre-conflict levels, even if the war ends tomorrow. Full restoration not expected before early 2027.
Bloomberg.
UAE Minister Al Jaber:
“50 days of a closed Hormuz:
Almost 600 million barrels of oil blocked so far.
50 days of mounting pressure on LNG, jet fuel, fertilizer, and the essentials that the world depends on.
Behind every missing barrel,...
UAE Minister Al Jaber:
“50 days of a closed Hormuz:
Almost 600 million barrels of oil blocked so far.
50 days of mounting pressure on LNG, jet fuel, fertilizer, and the essentials that the world depends on.
Behind every missing barrel, bills go up for ordinary people everywhere.
The global economy cannot afford more uncertainty.
The Strait cannot operate under threat.
And let's call payment for safe passage what it is: A protection racket.
Hormuz belongs to the world. It must be returned to the world. Exactly as it was.”
