UAE oil company CEO says Iran curbs on Strait Hormuz 'economic terrorism'

UAE oil company CEO says Iran curbs on Strait Hormuz 'economic terrorism' The CEO of Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber described Iran's restriction through the Strait of Hormuz as "economic terrorism". "When Iran holds Hormuz hostage, every nation pays the ransom, at the gas pump, at the grocery store, at the pharmacy," Al Jaber said in a speech held in the US. "No country can be allowed to destabilize the global economy in this way.