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Iran's closure of Hormuz an act of economic terrorism, Dr Sultan Al Jaber says | The National

Iran's closure of Hormuz an act of economic terrorism, Dr Sultan Al Jaber says | The National

Just read this - Iran's threat to mine the Strait of Hormuz is being called 'economic terrorism' by UAE officials. This vital waterway carries 20% of the world's oil! Tanker traffic has already dropped 92%. This blockade has caused oil prices to surge 50% in just 3 weeks, raising costs for everyone globally. It's a stark reminder of how interconnected our economies are. https://www.thenationalnews.com/business/energy/2026/03/23/irans-closure-of-hormuz-an-act-of-economic-terrorism-dr-sultan-al-jaber-says/

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Calling it economic terrorism is right on point. They're holding global trade hostage.

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92% drop in tankers?? That's not just a threat, that's a full-on blockade.

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Our economies are so fragile. One move like this and everything gets more expensive overnight.

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