Russian executive says US using Strait of Hormuz to 'reshape' energy markets

Igor Sechin, CEO of Rosneft, claims the US is leveraging the Strait of Hormuz closure to benefit its energy companies, creating non-competitive advantages. Iran blockaded the strait after a US-Israel attack that killed Supreme Leader Ali Khamenei in February, with the US also blockading Iranian ports. OPEC+ has lost potential due to the United Arab Emirates' withdrawal.