Sultan Al Jaber, CEO of Abu Dhabi's state-owned oil company ADNOC, said that Iran's blocking of the Strait of Hormuz is "economic terrorism." During a speech he delivered in the United States, after meeting with Vice President JD Vance, he said that "when Iran holds Hormuz hostage, every country pays the ransom - at the gas station, at the grocery store, at the pharmacy." According to him, "no country can undermine the stability of the global economy in such a way. Not now and not ever."