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geopoliticsbullishWTIPublished Jun 7, 2026, 8:00 AM

Russia's Sechin says US firms benefit from Hormuz closure amid Iran war tensions

Russia's Sechin says US firms benefit from Hormuz closure amid Iran war tensions
Rosneft CEO Igor Sechin stated on June 6 that U.S. energy companies are main beneficiaries of the Strait of Hormuz closure due to the Iran conflict, while warning of long-term risks to oil demand; the U.S. extended sanctions waivers for Russian oil purchases.

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