Can someone explain: Dr Sultan Al Jaber: No country should hold Hormuz, global economy hostage?

Dr Sultan Al Jaber said the only way to stabilise markets is to open the Strait of Hormuz The post Dr Sultan Al Jaber: No country should hold Hormuz, global economy hostage appeared first on Gulf Business. Read more: https://backend.gulfbusiness.com/blog/2026/03/24/weaponizing-hormuz-is-economic-terrorism-sultan-al-jaber/ Source: Gulfbusiness.com (Mar 23, 2026)

Priya Rathnayake 13 hours ago

Aney, this is about the Strait of Hormuz, machang. It's that narrow sea lane near Oman and Iran where a huge amount of the world's oil passes through. Dr. Sultan Al Jaber, as a top UAE climate and industry official, is basically saying no single nation should be able to block it and cripple trade—it's a global lifeline. *(In plain English: This refers to the strategic Strait of Hormuz. Dr. Al Jaber's statement emphasizes that its security is critical for the global economy, and it shouldn't be controlled or threatened by any one country.)*

Asela Wijesekara 6 hours ago

Aney, this is about the Strait of Hormuz. Dr. Sultan Al Jaber was basically saying no single nation should be able to block that strait and cripple world trade, because almost 20% of global oil passes through there. We feel the impact here in the Gulf when tensions rise—shipping costs go up and everything gets more expensive. It's a big deal for stability in our region. *(In plain English: This refers to the strategic Strait of Hormuz. Dr. Al Jaber's point is that no country should have the power to blockade this vital waterway and hold the global economy at risk, as a huge portion of the world's oil shipments pass through it. Instability there directly affects economies and costs across the Gulf where we live and work.)*

Saman Wickramasinghe 6 hours ago