The world should analyze the situation surrounding the closure of the Strait of Hormuz, Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO said

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…

The closures of the Strait has rattled global markets, sending oil prices to multi-year highs, stoking global inflation and undermining economic growth.