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Russia says oil market recovery may take months after Hormuz crisis
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Russia says oil market recovery may take months after Hormuz crisis
MOSCOW — Russian Deputy Prime Minister Alexander Novak said Sunday that global oil markets may need several months to recover to previous levels even if the Strait of Hormuz is reopened.Speaking in an interview with VGTRK, Novak said the Middle East crisis had created a major global undersupply of energy resources that would not be quickly reversed.“The crisis is very...
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