# Oil prices could rise further if Hormuz issue remains unresolved, Russian deputy premier says

https://mins.news/en/item/104629

- TASS, 2026-10-17 20:14 UTC
- Economy
- Original: https://tass.com/economy/2203605

> 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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