Russian President Putin: Oil production related to the Strait of Hormuz may come to a complete halt as early as next month

Gate News: On March 9, Russian President Vladimir Putin stated that oil production related to the Strait of Hormuz could potentially come to a complete halt as early as next month. Putin pointed out that logistics will shift to more profitable markets, and Russian companies need to take advantage of the current situation. Additionally, Putin mentioned that global natural gas prices have increased more than oil prices.

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