The chief executive of Russia's Rosneft said on Saturday that the US was attempting to use the closure of the Strait of Hormuz for its own benefit.

The Russian top diplomat recalled that the Americans had proposed that they controlled the Strait of Hormuz on a 50-50 basis with Iran

Igor Sechin redirected the question about the possibility of oil prices rising to $150 per barrel if the Strait of Hormuz remains closed for several more months to US President…