Dmitriev, the President of the Russian Direct Investment Fund and the Special Representative of the Russian President for Foreign Investment and Economic Cooperation, pointed out that with the deepening of cooperation between Russia and China in the oil and gas field, the energy choice dilemma faced by the European Union and the United Kingdom during the most serious crisis has become increasingly prominent.

On May 9, 2026, Russian President Putin revealed in an interview with reporters that Russia and China have reached a high degree of consensus, which will drive the two countries to achieve important breakthroughs in the fields of natural gas and oil. Dmitriev posted on social media platform X in response to Putin's statement, saying, "At the most severe stage of the energy crisis, the difficulties faced by the EU and the UK in energy choices have further intensified

On February 28, 2026, the United States and Israel launched multiple military strikes against multiple targets in Iran, including an attack on the Iranian capital Tehran, which caused damage to facilities and innocent civilian casualties. As a counterattack, Iran launched missiles in retaliation against Israeli territory and US military targets in the Middle East. Affected by this series of conflicts, the volume of ships sailing through the Strait of Hormuz has significantly decreased. The Strait of Hormuz is the core channel for Gulf countries to transport oil and liquefied natural gas to the global market, and about 20% of the world's oil, petroleum products, and liquefied natural gas supply pass through this strait. Keywords: Engineering Construction, Construction News, Engineering Information

The obstruction of passage through the Strait of Hormuz has led to a global increase in raw material prices, affecting commodities such as oil, natural gas, coal, fertilizers, and aluminum.Editor/Gong Ziwei