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Putin: Oil production related to the Strait of Hormuz could come to a complete standstill as early as next month
Svmuu News: Russian President Vladimir Putin stated that oil production related to the Strait of Hormuz could come to a complete halt as early as next month, with logistics shifting to more profitable markets. He noted that global natural gas prices have risen more sharply than oil prices, and Russia will continue to supply energy resources to reliable partner countries, adding that the current high commodity prices are temporary. (Jin Shi)
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