Sultan al-Jaber is in the news as oil prices surge near $100 due to Strait of Hormuz blockage and US-Iran tensions. He’s UAE’s Industry Minister and ADNOC CEO.
The Strait of Hormuz is still restricted despite a US-Iran ceasefire, with Iran effectively closing the waterway after recent attacks. Market uncertainty persists as energy prices rise and few ships pass through, raising concerns over global trade and stability.