Home › CGTN       04.08.2026

How China could help prevent oil prices from rising even higher

Oil prices are climbing again as the Red Sea gets pulled into the Iran conflict — and that means higher prices at the pump.

Skip York of Rice University's Baker Institute breaks down what's driving the volatility.

#bizshow #oilprices #gasprices #straitofhormuz #redseaembargo

Watch CGTN LIVE on your computer, tablet or mobile https://www.cgtnnow.com/featured/events/cgtn-live-now-1 Subscribe to CGTN America on YouTube Follow CGTN America: X: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica

This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.

More video News