Russian Finance Ministry sets Hormuz opening scenario for $50/bbl oil price in budget

The ministry is deliberately budgeting a rather low oil price to mitigate the risks of unexpected deficits, Igor Yushkov noted

Reporting via TASS

First reported 24 Sept 2026, 8:26 pm

Published 3 Oct 2026, 8:37 pm

1 min read

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initialStory opened: Russian Finance Ministry sets Hormuz opening scenario for $50/bbl oil price in budget