UAE State Minister: Iran must not hold the global economy hostage
Lana Nusseibeh, Minister of State for the United Arab Emirates, called on the international community to compel Iran to stop blockading the Strait of Hormuz. In an interview with Euronews, she also highly praised the support provided to the region by the European Union.
Lana Nusseibeh. Photo: AP Photo/Petros Karadjias
According to the Emirati official, this narrow maritime passage between Iran and Oman is crucial for the global economy, as approximately 20% of the world's energy supplies pass through it. If shipping in the strait is disrupted, it could lead to rising energy prices and also affect global food security and food costs.
"Iran must not be allowed to hold the global economy hostage by behaving like a rogue state," Lana Nusseibeh emphasized.
Nusseibeh noted that the European Union has provided significant support to the countries of the region since the beginning of the crisis. According to her, there are close economic and political ties between Europe and the UAE: the annual trade volume is about 65 billion euros, and more than half a million European citizens live and work in the Emirates.
The Minister also stressed that the UAE strives to maintain stability in energy markets and remain a reliable supplier of energy resources. At the same time, the country is trying to protect its territory and population, preventing the conflict from escalating into a large-scale regional war.
Lana Nusseibeh noted that in recent weeks, the Emirates have gone through a difficult period due to missile and drone attacks from Iran, but life in the country is now gradually returning to normal.
In addition, the UAE government continues to focus on economic diversification — developing finance, logistics, high technologies, and artificial intelligence — to strengthen the country's resilience to geopolitical crises.
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