Blocking of Strait of Hormuz to trigger 'oil shock' — RDIF CEO

MOSCOW:  The potential blocking of the Strait of Hormuz by Iran will not spare the US, triggering a "global oil shock," CEO of the...


MOSCOW:  The potential blocking of the Strait of Hormuz by Iran will not spare the US, triggering a "global oil shock," CEO of the Russian Direct Investment Fund (RDIF) and Special Presidential Representative for Investment and Economic Cooperation with Foreign Countries Kirill Dmitriev said.

"Oil is priced globally. If the Strait of Hormuz is shut, the U.S. won’t be spared. No one is immune from a global oil shock - prices at the pump will [skyrocket]," he wrote on the X social network.

On Monday, the price of futures contracts of Brent crude oil for August 2025 delivery has risen above $81 per barrel on London’s ICE for the first time since January 20, according to trading data.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,6955,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,14,Movie,327,s,1,SPECIAL STORY,396,TAMILNADU,4,TOP STORY,7675,TRAVEL,8,
ltr
item
Local Glob: Blocking of Strait of Hormuz to trigger 'oil shock' — RDIF CEO
Blocking of Strait of Hormuz to trigger 'oil shock' — RDIF CEO
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcxRsOh9rfWTI5xonw5Lt3TdT32DrBIV2gYa41O-GGdHJZCfCr1ujpwpn0JdtdsqNpImOKYVA4f0IJkMkicih0nJK4jG3Ys1ED5Qw0AcSGr-uAY5-d8Fv_x6LDgFDyOXxIPoGk6VY2pFSH907n-gDETk0iolsl6aO_PAoZhgurvHzYfJ8g65ApvIO-VW79/s320/ceo.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcxRsOh9rfWTI5xonw5Lt3TdT32DrBIV2gYa41O-GGdHJZCfCr1ujpwpn0JdtdsqNpImOKYVA4f0IJkMkicih0nJK4jG3Ys1ED5Qw0AcSGr-uAY5-d8Fv_x6LDgFDyOXxIPoGk6VY2pFSH907n-gDETk0iolsl6aO_PAoZhgurvHzYfJ8g65ApvIO-VW79/s72-c/ceo.jpg
Local Glob
http://www.localglob.com/2025/06/blocking-of-strait-of-hormuz-to-trigger.html
http://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2025/06/blocking-of-strait-of-hormuz-to-trigger.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy