Russian official says oil market needs months to recover from Hormuz closure
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Source: Middle East Eye
Published: 2026-04-27 00:08 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Russian Deputy Prime Minister Alexander Novak said he expects it will take several months for the oil market to recover to its previous level, even if the Strait of Hormuz is reopened.
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