Sputnik quoted Russian Deputy Prime Minister Alexander Novak at Russian Energy Week saying shipments through the Strait of Hormuz have not yet resumed, market volatility is high and prices remain elevated. Novak warned that if the blockade persists,

2026-10-18

Sputnik quoted Russian Deputy Prime Minister Alexander Novak at Russian Energy Week saying shipments through the Strait of Hormuz have not yet resumed, market volatility is high and prices remain elevated. Novak warned that if the blockade persists, oil prices would climb further.