São Paulo – Sultan Ahmed Al Jaber, the United Arab Emirates’ Minister of Industry and Advanced Technology and Managing Director and CEO of Abu Dhabi National Oil Company (Adnoc), commented on the Strait of Hormuz, saying the situation affecting navigation there is not a limited regional issue but impacts global economic stability as a whole.
The minister’s remarks were published by state news agency WAM on Wednesday (1). Al Jaber highlighted the strait’s narrow width—just 33 kilometers—and the essential commodities that pass through it, emphasizing that any disruption in the Strait of Hormuz goes beyond oil supply and affects the daily lives of billions of people, impacting everything from food costs and airfare to energy bills and medicine prices.
“Around 20% of global energy flows pass through this strait, making it a critical factor in determining fuel prices, transportation costs, and the continuity of industrial supply chains. Approximately 50% of global sulfur supplies — an essential component in pharmaceuticals and fertilizers — also transit through it, in addition to about 30% of Liquefied Petroleum Gas (LPG), which is vital for everyday household use,” the minister said.
Jaber said Asian economies were the first to be affected, but the repercussions are spreading toward Europe, intensifying inflationary pressures. According to him, the responsibility of the international community requires decisive collective action to ensure freedom of navigation and safeguard global economic stability. He highlighted the importance of adhering to United Nations Security Council Resolution 2817 to guarantee safe passage through the strait.
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Translated by Guilherme Miranda
