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2026-04-09 17:47:54
[The Strait of Hormuz Crisis Escalates, 230 Oil Tankers Stranded, Sentimental Globally] ⑴ Sultan Al Jaber, CEO of ADNOC in the UAE, stated in a LinkedIn post on Wednesday that the Strait of Hormuz is not currently open, and passage is subject to restrictions, conditions, and controls. ⑵ He emphasized that the strait is a natural waterway governed by international law, and the right to transit should be guaranteed, demanding unconditional and unconditional opening of the strait. ⑶ Jaber warned that the longer the restrictions continue, the greater the impact on oil prices and supply chains, and restoring full and unimpeded navigation is considered key to market stability. ⑷ He further pointed out that energy security and global economic stability depend on the unconditional opening of the strait, and any form of weaponization of this crucial waterway cannot be tolerated, otherwise it will set a dangerous precedent for the world. ⑸ It is estimated that approximately 230 ships fully loaded with crude oil are currently stranded, with 80% of their cargo destined for Asia, covering an area inhabited by half of the world's population, making the situation particularly urgent for Asia. (6) Analysts believe that the Hormuz dilemma, coupled with recent demand concerns triggered by Trump's tariff rhetoric, has placed the crude oil market under dual pressure from supply-side constraints and macroeconomic risk aversion. (7) The market is closely watching Iran's response and the movements of major naval forces. Every day the Strait of Hormuz's navigation status is delayed will exponentially amplify supply delays, market tightening, and upward price pressure.
