UAE Addresses Strait of Hormuz Disruptions
Reports have shown that the United Arab Emirates, particularly ADNOC, has managed to maintain the flow of oil through the Strait of Hormuz over the past two months, despite the challenges and attacks faced by its ships. This has helped stabilize global oil markets and prevented a significant shortage in supplies. ADNOC has been able to sell more than 130 million barrels through record-breaking auctions, a volume that exceeds Japan's monthly demand, thereby supporting the markets despite escalating tensions and regional conflicts, including Iran’s attacks on ships. The company has confirmed that its operations continue despite missile and drone attacks on its vessels while transiting the strait, with measures taken to protect personnel and assets, reaffirming the right of international navigation to pass through these waterways without threat.
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