Russian Expert: If the opening of the Strait of Hormuz is confirmed, oil prices will stabilize at the level of 80-90 US dollars.

Aleksei Belogoryev, director of the Russian Energy and Finance Institute, said that if the reopening of the Hormuz Strait is confirmed, the price of Brent crude oil will stabilize at $80-90 per barrel. Due to ongoing geopolitical risks and physical supply shortages in multiple regions globally, it is difficult for oil prices to further decline in the short term.