Iran attacks in Strait of Hormuz are ‘economic terrorism against every nation,' UAE oil CEO says [CNBC]
S&P Global Inc. (SPGI)
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Source: CNBC
Iran's attacks in the Strait are an act of aggression against every nation in the world, Al Jaber said. Iran has fired hundreds of missiles and more than 1,700 drones at the UAE. Sultan Ahmed Al Jaber, chief executive officer of Abu Dhabi National Oil Co. (ADNOC), during India Energy Week in Goa, India, on Tuesday, Jan. 27, 2026. Dhiraj Singh | Bloomberg | Getty Images HOUSTON — The United Arab Emirates on Monday condemned Iran's attacks against shipping in the Strait of Hormuz as a form of “economic terrorism” that is holding the world hostage. “Let me be absolutely clear, weaponizing the Strait of Hormuz is not an act of aggression against one nation,” said Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC). “It is economic terrorism against every nation, and no country should be allowed to hold Hormuz hostage — not now, not ever,” Al Jaber told oil industry executives at S&P Global's CERAWeek conference in Houston, Texas. The Strait is the most impo
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