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

Russian executive says US using Strait of Hormuz to 'reshape' energy markets The chief executive of Russia's Rosneft said on Saturday that the US was attempting to use the closure of the Strait of Hormuz for its own benefit. “The closure of the Strait of Hormuz is an attempt to reshape global energy market regulations to benefit the United States. The measures taken to block the strait were aimed at Iran, but backfired on the entire world.