UAE Official Condemns Iranian Threats to Close Strait of Hormuz
Summary
Sultan Ahmed Al Jaber, UAE Minister and head of Abu Dhabi's state oil company, condemns Iran's threats to close the Strait of Hormuz, calling it illegal and a danger to global economic and energy security.
Key Points
- Sultan Ahmed Al Jaber opposes Iranian attempts to close the Strait of Hormuz.
- He states that Iran does not have the authority to control the strait.
- Iran's threats have caused disruptions in oil and gas shipments, raising global market prices.
- The Strait of Hormuz is critical for nearly 20% of the world's oil supply.
