Head of the UAE's largest energy company: Iran's blockade of the strait is "economic extortion"

MeNews · 2026-04-07T21:37:25+00:00

The head of the UAE energy company described Iran's blockade of the Strait of Hormuz as "global economic extortion" and called on the international community to take action to ensure energy flow and economic stability. He also criticized Iran for weaponizing energy flow, accusing its actions of being "economic terrorism."

MeNews

2026-04-07 21:37:25

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ME News update: On April 1 (UTC+8), the head of the UAE’s largest energy company said that Iran’s actions to blockade the Strait of Hormuz and cut off energy supply to the Middle East constitute “global economic extortion.” Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), wrote on LinkedIn that the effective closure of this vital waterway is a “threat the world cannot tolerate.” He said: “The world must take action—together— to ensure the free flow of energy and maintain economic stability.” Jaber is also a government minister in the UAE and has long been one of the country’s most outspoken business leaders in criticizing Iran and calling for the strait to be reopened. Last month, he said that Iran is “weaponizing the flow of energy” and called the move “economic terrorism.” (Jin10) (Source: ODAILY)

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