UAE Says Strait of Hormuz Must Stay Open as US Navy Escorts Sustain Crude Flows
Updated
Updated · Forex Factory · Sep 7
UAE Says Strait of Hormuz Must Stay Open as US Navy Escorts Sustain Crude Flows
3 articles · Updated · Forex Factory · Sep 7
Summary
Anwar Gargash said the Strait of Hormuz must be treated as an international waterway, underscoring the UAE's push to keep the key oil chokepoint open.
US Energy Secretary Chris Wright said Navy escorts remain essential to getting tankers through safely, indicating the operation is unlikely to end soon.
The escorts are helping sustain crude shipments through the strait, a critical route for global oil flows and a focal point for energy market risk.