Strait of Hormuz ‘not open’, warns Abu Dhabi’s oil chief as crude prices rise
Uncertainty over US-Iran ceasefire pushes price of Brent crude towards $100 a barrelBusiness live – latest updatesMiddle East crisis – live updatesThe boss of Abu Dhabi’s state-owned oil company has warned that the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as uncertainty over the truce pushed the price of Brent crude towards $100 a barrel on Thursday.Sultan Al Jaber, the chief executive officer of the Abu Dhabi National Oil Company (Adnoc), said passa...
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