Halt of Shipping in Strait of Hormuz Risks Imbalance in Global Markets - Moscow

NAMPA / Sputnik

2026-03-01

MOSCOW, March 1 (RIA Novosti) - A shipping shutdown in the Strait of Hormuz risks severe imbalance to global oil and gas markets, the Russian Foreign Ministry said on Sunday. "According to incoming reports, shipping in the Strait of Hormuz has been stopped. This could lead to the halt of hydrocarbon exports from the region and create major imbalances in the global oil and gas markets," the statement read....

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