MontyPython
Are you suggesting coconuts migrate?
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The Strait of Hormuz has not opened to ship traffic after the U.S. and Iran agreed to a two-week ceasefire, said the CEO of Abu Dhabi National Oil Co., or ADNOC, on Thursday.
“This moment requires clarity,” said Sultan Ahmed Al Jaber in a social media post. “So let’s be clear: the Strait of Hormuz is not open. Access is being restricted, conditioned and controlled.”
Iran has made clear that ships must obtain its permission to pass through the strait, Al Jaber said. “That is not freedom of navigation. That is coercion,” the ADNOC chief said.
ADNOC is the United Arab Emirates’ state-owned oil company. The UAE is the third-largest oil producer in OPEC, pumping 3.4 million barrels per day before the war broke out on Feb. 28
President Donald Trump said Tuesday that the ceasefire was subject to Iran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
But ship traffic through the strait has not picked up since the ceasefire took effect, freight analysts have told CNBC. Traffic remains at the slow trickle that has been observed during most of the war, they said.
“This moment requires clarity,” said Sultan Ahmed Al Jaber in a social media post. “So let’s be clear: the Strait of Hormuz is not open. Access is being restricted, conditioned and controlled.”
Iran has made clear that ships must obtain its permission to pass through the strait, Al Jaber said. “That is not freedom of navigation. That is coercion,” the ADNOC chief said.
ADNOC is the United Arab Emirates’ state-owned oil company. The UAE is the third-largest oil producer in OPEC, pumping 3.4 million barrels per day before the war broke out on Feb. 28
President Donald Trump said Tuesday that the ceasefire was subject to Iran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
But ship traffic through the strait has not picked up since the ceasefire took effect, freight analysts have told CNBC. Traffic remains at the slow trickle that has been observed during most of the war, they said.
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