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The Economic Times
The Economic Times
National

Russia's oil major says US companies benefit from the closure of the Strait of Hormuz

ST. PETERSBURG, ​Russia: Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the ‌global energy markets ⁠to suit U.S. ⁠interests.

Iran blockaded the Strait, the main route for about a fifth of world oil supplies and other vital goods ​including fertilisers, after the United States and Israel attacked Iran and killed Supreme Leader Ayatollah Ali Khamenei in February. The ​U.S. has blockaded Iranian ports.

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