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Live Updates  >  Live Update Details

2026-04-09 17:47:02

Sultan Jaber, CEO of Abu Dhabi National Oil Company (ADNOC): The longer the Strait of Hormuz remains closed, the more severe the consequences will be. Supply will be disrupted, markets will tighten, and oil prices will rise. For Asia, the opening of the Strait of Hormuz is particularly urgent, as 80% of these goods are transported to the region, and Asia is home to half the world's population. The Strait of Hormuz must be fully open and unrestricted.

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