Will the U.S.-Iran conflict send oil prices soaring? Energy expert explains

Oil prices remain volatile as tensions between the United States and Iran continue to escalate.

With growing concerns over shipping through the Strait of Hormuz, consumers are wondering whether higher gas prices, airfare and travel costs are next.

CGTN's Sean Callebs spoke to Matt Smith, Director of Commodity Research at Kpler, for insight on the impact of this prolonged conflict on the global energy sector.

0:00 Oil prices jump as U.S.-Iran conflict escalates 0:16 Strait of Hormuz shipping slows again 1:12 Saudi tanker reroutes and global shipping disruptions 2:36 Will higher oil prices impact summer travel? 3:34 Why diesel prices are rising faster than gasoline 4:14 Energy reserves shrink as product shortages grow 5:13 Matt Smith's outlook on global energy markets

#bizshow #oil #energy #IranConflict #StraightofHormuz #travel

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