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.”
UAE Minister of Industry and ADNOC CEO Sultan Al Jaber:
"Since February, at least 22 ships have been attacked, 10 crew members killed, around 20,000 sailors stranded and unable to pass safely, around 800 merchant ships stuck, including 400...
UAE Minister of Industry and ADNOC CEO Sultan Al Jaber:
"Since February, at least 22 ships have been attacked, 10 crew members killed, around 20,000 sailors stranded and unable to pass safely, around 800 merchant ships stuck, including 400 oil tankers. The Strait of Hormuz has never been Iran's property. Any attempt to block it or restrict navigation is not only a regional issue but a strike at an international economic artery and a direct threat to energy, food, and health security worldwide. This behavior is illegal, dangerous, and unacceptable, and the world cannot stand its consequences or allow it to happen."
