EconomyOil prices could rise further if Hormuz issue remains unresolved, Russian deputy premier says
Russian Deputy Prime Minister Alexander Novak said global oil prices may climb further if efforts to stabilize the Strait of Hormuz situation fail. He said the strait’s closure dealt a serious blow to global energy and oil markets, while the scope for drawing on reserves to stabilize the market is nearly exhausted.
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TASS★★★★☆2026-10-17 20:14Original
Oil prices could rise further if Hormuz issue remains unresolved, Russian deputy premier says