Rosneft CEO says no country can replace lost Middle East oil

Investing.com -- No country can quickly replace oil supply lost due to the Middle East crisis, Rosneft Chief Executive Igor Sechin said on Friday.

The head of Russia's state oil company made the statement when discussing the ongoing supply disruptions affecting global oil markets.

When asked about the possibility of oil prices climbing to $150 per barrel if the Strait of Hormuz closes, Sechin responded: "Ask comrade Trump."

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