WASHINGTON: ‌Abu Dhabi state oil company ADNOC’s CEO Sultan ​Al Jaber described any restriction of passage through the Strait of Hormuz by Iran 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 ‌in ‌the US ​on ‌Wednesday.

“No country can ‌be allowed to destabilize the global economy in this way. Not ‌now. Not ever.”

Al Jaber, during a meeting ⁠with ⁠US Vice President JD Vance earlier in the day, said free passage through the Strait of Hormuz was the only durable solution ​to ​stabilizing global markets.