Rosneft CEO Igor Sechin stated American energy firms are the primary beneficiaries of a Strait of Hormuz closure, warning of long-term damage to oil demand and a boost for alternatives. He also highlighted global resource shortages and questioned OPEC+’s effectiveness, noting Russia’s production decline and need for investment. Rosneft CEO Igor Sechin stated American energy firms are the primary beneficiaries of a Strait of Hormuz closure, warning of long-term damage to oil demand and a boost for alternatives. He also highlighted global resource shortages and questioned OPEC+’s effectiveness, noting Russia’s production decline and need for investment.
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‘US firms benefit from Hormuz closure’: Russian oil company chief’s big claim amid Iran war
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