Name: Analyst warns prolonged conflict could push oil prices higher
Uploaded: 2026-03-02T18:59:15+08:00
Duration: 3 min 8 s
Description: With the conflict in the Middle East intensifying and fears growing that the strategic Strait of Hormuz – through which roughly one-fifth of global oil passes – could be disrupted, CGTN reporter Wang Tianyu speaks with Claudio Galimberti, chief economist

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03:08

With the conflict in the Middle East intensifying and fears growing that the strategic Strait of Hormuz – through which roughly one-fifth of global oil passes – could be disrupted, CGTN reporter Wang Tianyu speaks with Claudio Galimberti, chief economist at Oslo-based research firm Rystad Energy. He says market reactions so far have been relatively measured, but developments in the coming weeks will be key to determining future oil prices.

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