It is obvious that prolonged tensions in the Strait of Hormuz undermine long-term demand for oil, Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO said

The Russian deputy prime minister noted that many countries have already limited their energy consumption, primarily scarce petroleum products like jet fuel, which has led to a…

Iran conflict blocks the Strait of Hormuz, raising energy security concerns. WTI reaching $140 by June 2026 at 2.6% YES.