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2026-05-26 14:30:21
[Amid the Strait of Hormuz situation, Russian oil supply is of great significance to the global market] (1) Kyle Shostak, managing director of the US investment firm Navigator Principal Investors, said that under the current situation in the Strait of Hormuz, Russian oil supply is of great significance to the global market, and its importance is immeasurable. (2) He pointed out that these supplies are considerable, especially for the Asian region, which is facing severe shortages due to the disruption of Middle Eastern suppliers. Even before the last round of licenses expired, major Indian importers had indicated their intention to continue purchasing Russian oil, although it was uncertain at the time whether there would be new exemptions. (3) Shostak explained that this is because Indian refineries have been refining Russian oil for many years.
