Energy markets may take months to stabilize even if the Strait of Hormuz remains open, Russian President’s Special Representative for Investment and Economic Cooperation with Foreign Countries and RDIF CEO Kirill Dmitriev said

Brent crude oil dropped to $93 a barrel after US president’s announcement and Iran’s pledge to reopen strait of Hormuz under its management

Energy markets may take months to stabilize even if the Strait of Hormuz remains open, Russian President’s Special Representative for Investment and Economic Cooperation with…

Crude oil fell sharply after Washington and Tehran agreed a 2-week cease-fire deal that included allowing shipping to transit the key Strait of Hormuz