UAE oil giant says Hormuz still closed despite truce, 230 loaded oil vessels waiting to sail

The head of Abu Dhabi National Oil Company (ADNOC) said Thursday that the Strait of Hormuz remains effectively closed despite a ceasefire, with Iranian restrictions still blocking normal energy exports and around 230 loaded oil vessels waiting to sail, Anadolu reports. In a LinkedIn post, ADNOC CEO Sultan Al Jaber said access to the waterway was being restricted and conditioned, adding that “conditional passage is not passage” and that the strait must be reopened “fully, unconditionally and without restriction.” Al Jaber said around 230 vessels loaded with oil are ready to sail and that ADNOC has already loaded cargoes, adding that the company would expand production within the limits imposed by war-related damage to its infrastructure and the need to […]