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Russian Deputy PM: Energy Sector Under Unprecedented Strain
Russian Deputy Prime Minister Alexander Novak confirmed that the global energy sector is facing unprecedented pressure, as actions such as closing the Strait of Hormuz and destroying infrastructure impact the oil market. It is estimated that around 12 million barrels of oil are not reaching the market, leading to rising prices and changing logistical routes, and prompting efforts to find alternative energy sources. He also pointed out that energy consumption has increased due to modern technologies and artificial intelligence, reflecting the ripple effects of these pressures on the global economy.
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