The closure of the Strait of Hormuz has delivered significant advantages to American energy companies while reshaping global energy markets, Rosneft Chief Executive Igor Sechin said Saturday as the fallout from the Middle East conflict continued to reverberate across the oil industry.
Speaking at the St. Petersburg International Economic Forum, Sechin said US energy firms had emerged as the primary beneficiaries of the disruption to one of the world's most important maritime trade routes. He argued that Washington was attempting to alter the structure of global energy markets in a way that favored US interests, according to Reuters.
