Iran Conflict Strains the Global Economy
By CGTN America
Community Score: 50% | 48 views | 3w
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As the Iran conflict enters its second week, pressure is mounting on global oil markets, supply chains, and consumer goods. CGTN's Sally Ayhan spoke with Harold "Skip" York, energy fellow at Rice University's Baker Institute, about the conflict's impact on global markets and the outlook for multilateral cooperation. #bizshow #MidEast #Iran #IranConflict #StraitofHormuz #oil #gasprices #trade #globalenergycrisis #globalenergy 0:00 Why the Strait of Hormuz is critical to global oil 1:22 Oil supply shock drives global price surge 2:05 Military escort risks and China’s oil dependence 3:44 The LNG threat and global slowdown risk 5:05 How rising energy prices hit consumers 6:05 The lesson: why strategic reserves matter Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok Thi
Tags: CGTN, Global Economy, Iran, Middle East Conflict, Strait of Hormuz, bizshow, supply chain
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