Middle East tensions may trigger renewed interest in renewable energy — Sechin Prolonged tensions in the Strait of Hormuz have been identified as a factor that undermines long-term oil demand. This sentiment was expressed by the Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security, who also holds the position of Rosneft CEO. The ongoing geopolitical situation is suggested to have implications for future oil consumption.

• Prolonged tensions in the Strait of Hormuz are impacting long-term oil demand.
• This statement was made by the Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security.
• The Executive Secretary also serves as the CEO of Rosneft.