Khaberni - UAE Minister of Industry and Advanced Technology Sultan Al Jaber said on Sunday that the global economy cannot withstand more uncertainty, emphasizing that the Strait of Hormuz cannot continue to operate under threat.
Al Jaber added in a tweet on the platform "X" that coinciding with the 50th day of the strait's closure, about 600 million barrels of oil were disrupted, adding: "50 days of escalating pressure on liquefied natural gas, jet fuel, fertilizers, and the basic materials that the world relies on."
He affirmed that "every lost barrel increases the bills on ordinary people everywhere," stressing that the global economy cannot tolerate more uncertainty, and that the strait should not be used for threats.
He continued, saying: "We must call things by their names; paying for safe passage is extortion," confirming that the Strait of Hormuz is a global waterway, which should be returned to the world as it was precisely.
Bloomberg reported that navigation movement in the Strait of Hormuz halted, as no ship crossed the strait today, Sunday, according to recent tracking data, after ships returned to the Gulf.
The data showed that at least 13 oil tankers returned to the Gulf on Saturday, after having attempted to leave following an earlier Iranian announcement of reopening the strait.
The agency pointed out that the movement of commercial ships through the strait stopped again after a slight increase on Saturday, following incidents of ships being fired upon inside the strait, and Iranian warnings against crossing.
These developments come after Iran informed the ships, through radio signals, that the Strait of Hormuz was closed to navigation, amid reports of an oil tanker being fired upon in the area.
