Strait of Hormuz not open, Abu Dhabi’s oil chief says as crude prices rise

Uncertainty over US-Iran ceasefire pushes price of Brent crude towards $100 a barrel

The boss of Abu Dhabi’s state-owned oil company has said 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 passage through the crucial waterway was subject to “permission, conditions and political leverage” by Iran. He said energy security and global economic stability depended on the strait being opened “fully, unconditionally and without restriction”.

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Why This Matters

The ongoing uncertainty surrounding the US-Iran ceasefire has significant implications for global oil markets, with Brent crude prices nearing $100 a barrel. The Strait of Hormuz, a critical waterway, remains a point of contention. This development highlights the fragility of international relations and their impact on the global economy.

In Week 15 2026, International accounted for 74 related article(s), with Other setting the broader headline context. Coverage of International decreased by 27 article(s) versus the prior week, but remained material in the weekly agenda.

Coverage Snapshot

Week 15 2026 included 74 International article(s). Leading outlets for this topic included BBC, NY Times, CNBC. Across that cluster, sentiment showed a mostly neutral skew (avg score -0.06).

Key Insights

Primary keywords: iran, ceasefire, live, strait, business.
Topic focus: International coverage with neutral sentiment.
Source context: reported by Guardian Business.
Published: 2026-04-09.
Published by Guardian Business, a widely cited major outlet.
Date context: published during Week 15 2026, when Other dominated weekly headlines.

Tone & Sentiment

The article tone is classified as neutral, driven by the language and emphasis in the summary. The sentiment score of -0.13 indicates the strength of that tone.

Context

Recent media coverage has focused on the Middle East crisis, with outlets like The Guardian providing live updates on the situation. The crisis has sparked concerns about energy security and global economic stability, with many experts questioning the durability of the ceasefire. While some analysts see the truce as a positive step, others remain skeptical, citing the complexities of the situation.

Key Takeaway

In short, this article underscores key movement in International and explains why it matters now.

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Guardian Business Strait of Hormuz not open, Abu Dhabi’s oil chief says as crude prices rise