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https://sputnikglobe.com/20260310/russia-sould-stabilize-global-energy-markets-amid-hormuz-chaos--expert-1123799569.html
Russia Сould Stabilize Global Energy Markets Amid Hormuz Chaos – Expert
After the actual closure of the State of Hormuz, “leading OPEC members are facing problems in exporting oil, which has caused a sharp rise in energy prices,” Iraqi expert Omar Al-Halbousi told Sputnik.
https://cdn1.img.sputnikglobe.com/img/107682/42/1076824205_0:235:1920:1315_1920x0_80_0_0_c2202ba5b97d58c1cd310dc15efd4f67.jpg
After the actual closure of the State of Hormuz, “leading OPEC members are facing significant difficulties in exporting oil due to their high dependence on this route, which has caused a sharp rise in energy prices,” Iraqi expert Omar Al-Halbousi told Sputnik.“Rising prices put serious pressure on the global economy, as they lead to higher transportation and production costs, which in turn accelerates inflation and slows economic growth,” something Europe could face, Al-Halbousi warned.
https://sputnikglobe.com/20260310/countries-can-gain-passage-through-hormuz-strait-if-expel-us-israel-envoys---irgc-1123799241.html
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actual closure of the state of hormuz, global economy, rise in energy prices, economic growth, energy market
Source: Sputnik News - World News, Breaking News & Top Storie
