Lates News

Jaber, CEO of the Abu Dhabi National Oil Company in the UAE: The closure of the Strait of Hormuz for 50 days has caused approximately 600 million barrels of oil to be blocked. In the past 50 days, the pressure on liquefied natural gas, aviation fuel, fertilizers, and basic materials that the world relies on has continued to escalate. Every barrel of missing oil will cause the bills of ordinary people everywhere to rise. The global economy cannot afford more uncertainty.