Novak pointed out that because of Hormuz, the market is missing 6-7 million bpd, the main part of the increase in oil prices will be "eaten" by the increase in the cost of transportation and insurance

Novak pointed out that because of Hormuz, the market is missing 6-7 million bpd, the main part of the increase in oil prices will be "eaten" by the increase in the cost of transportation and insurance