Putin: Oil Production Related to the Strait of Hormuz Could Come to a Complete Halt as Early as Next Month

Odaily President Putin stated that oil production related to the Strait of Hormuz could come to a complete halt as early as next month, with logistics shifting to more profitable markets. The increase in global natural gas prices has outpaced that of oil prices, and energy resources will continue to be supplied to reliable partner countries. Currently, high commodity prices are temporary. (Jin10)