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EconomyHormuz disruption keeps 6–7 million barrels of oil a day from markets, Novak says

Russian Deputy Prime Minister Alexander Novak said about 6–7 million barrels of oil per day have not reached world markets through the Strait of Hormuz, creating a supply-demand imbalance and significant market volatility.

Strait of Hormuzoil marketssupply and demand

TTASS★★★★☆2026-10-12 19:28Original

Hormuz disruption keeps 6–7 million barrels of oil a day from markets, Novak says
Economy