Will the US-Iran conflict trigger an oil price shock? Global economy faces new risk

Renewed tensions between the United States and Iran are once again raising concerns about the global economy, oil prices, inflation and energy security. With ongoing strikes by the U.S. and Iran, the Strait of Hormuz remains at the center of growing uncertainty for global energy markets.

Energy analyst Ellen Wald spoke with CGTN's Sally Ayhan to explain why markets may be underestimating the risks, which economies are most vulnerable, and whether higher fuel prices could return.

Will disruptions in one of the world's most important shipping routes trigger another global energy shock?

0:00 Strait of Hormuz Crisis Explained 0:30 Why Ships Are Avoiding the Gulf 1:26 Is This a Long-Term Energy Crisis? 2:05 Why Oil Markets Have Changed Forever 2:33 Will Gas Prices Ever Fall Again? 4:02 The Inflation Risk Nobody Can Predict 5:14 What's Next for the Global Economy?

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