SPIEF 2026: Energy Market Volatility in Focus Amid Hormuz Strait Tensions
St. Petersburg — ( AfricaNewswire.net ) -- Speaking at the Energy Panel of the St. Petersburg International Economic Forum 2026, Igor Sechin, Chief Executive Officer of Rosneft Oil Company and Executive Secretary of the Russian Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Safety, said that US energy companies have emerged as the principal beneficiaries of the recent tensions surrounding the Strait of Hormuz. Delivering his report titled “ The Beginning of the End or the End of the Beginning: What ’ s Left at the Bottom of Pandora ’ s Box?” , Sechin examined the shifting geopolitical landscape in the Middle East, the balance of power in global energy markets, and the long-term structural pressures facing the world economy. Hormuz crisis and global market disruption According to Sechin, the disruption in the Strait of Hormuz represents an attempt to reshape global energy market regulation in favor of US strategi...
