Russia offers oil relief as US blocks Iran exports
Government
Moscow can replace Tehran’s crude supplies to China, Foreign Minister Sergey Lavrov has said Russia can plug any oil supply gap triggered by the Middle East conflict and help China and other countries withstand US “aggressive adventures,” Russian Foreign Minister Sergey Lavrov has said, signaling Moscow is ready to offset shortages if Iranian exports are squeezed. US President Donald Trump announced the blockade of the Strait of Hormuz, a critical route for roughly 20% of global oil, on Sunday
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