Abu Dhabi National Oil Company (ADNOC) CEO Sultan Al-Jaber called on Thursday for the Strait of Hormuz to reopen “fully, unconditionally and without restriction,” adding that “energy security and economic stability depend on it.”
“The Strait of Hormuz is not open. Access is being restricted, conditioned and controlled,” he stated on LinkedIn, saying that “conditional passage is not passage.” He stressed the strategic waterway is governed by international law and “no country has a legitimate right to determine who may pass.”
Al-Jaber warned markets are at a “critical crossroads,” with “an estimated 230 vessels” loaded with oil awaiting transit, while “more than 20% of globally traded energy” remains affected. “Every day the Strait remains restricted, the consequences compound,” he said, urging action to “restore real flows” and ease pressure on prices and global supply.” “This is particularly urgent for Asia, where 80% of these cargoes are bound and half the world’s population lives,” Al-Jaber said.