Energy
May 12, 2026
Iran's blockade of the Strait of Hormuz amounts to an “arithmetic of extortion”, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said on Tuesday.
The managing director and group chief executive of Adnoc demanded unconditional restoration of free navigation as the cumulative toll on global oil supply crosses one billion barrels.
“Every day the strait is held hostage, the costs go up – for families, farms, factories and economies around the world,” Dr Al Jaber posted on social media website X. “Return freedom of navigation. No conditions. No delay.”
