The main beneficiaries of the Strait of Hormuz crisis have been US oil companies, which gained “noncompetitive advantages” and opportunities to sell supplies at higher prices, Rosneft C…

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.