Adnoc CEO Al Jaber says there are about 230 oil-laden vessels waiting to sail the Strait of Hormuz
Importance
Level 1
- Says that prolonged restrictions are tightening markets, disrupting supply chains and raising prices
- Says the Strait is a natural waterway governed by international law and must be opened unconditionally.
- He warned that weaponising the waterway would set a dangerous precedent.
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