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Russian Deputy Prime Minister Says the World Is Facing the Worst Energy Crisis in 40 Years
On the 18th, local time, Russian Deputy Prime Minister Novak said at an event in Moscow that the world is facing the most severe energy crisis in 40 years. Novak said that if the Strait of Hormuz were blocked, it would affect about one-third of global oil and oil products trade. Global natural gas production accounting for 20% cannot reach the market. (CCTV News)