Iran’s foreign minister said military tensions and shipping disruptions in the Strait of Hormuz has already affected gas supply security and global energy market stability. He urged stronger Iran‑Russia cooperation in the global gas market — citing e

2026-10-26

Iran’s foreign minister said military tensions and shipping disruptions in the Strait of Hormuz has already affected gas supply security and global energy market stability. He urged stronger Iran‑Russia cooperation in the global gas market — citing expanded investment, technology transfer, oil and gas field development and increased export capacity. He called for closer coordination among Gas Exporting Countries Forum members to bolster energy security and resilience to geopolitical shocks. He also said Iran has proposed a seven‑day plan to help reopen the Strait of Hormuz and restore normal maritime traffic, conditional on the removal of military threats and other requirements.