Rosneft CEO criticizes US oil firms over Iran war
The head of the Russian company "Rosneft" said that continued tension in the Strait of Hormuz will undermine long-term oil demand, warning that closing this vital passage could threaten global shipping routes and increase pressures on the energy market. He added that American oil companies benefiting from Iran's conflict may achieve profits exceeding $60 billion this year due to rising prices, cautioning that ongoing tension could lead to reduced oil demand and shifts in maritime trade routes.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)