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Global crude oil prices rose this Monday as the U.S. and Iran fight over control of the Strait of Hormuz. The two sides have renewed hostilities significantly after U.S. President Trump last week declared the ceasefire over. And energy prices are once again the collateral amid a dispute over who is effectively in charge of one of the world’s most critical waterways. CGTN's Owen Fairclough reports.
For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.
Global crude oil prices rose this Monday as the U.S. and Iran fight over control of the Strait of Hormuz. The two sides have renewed hostilities significantly after U.S. President Trump last week declared the ceasefire over. And energy prices are once again the collateral amid a dispute over who is effectively in charge of one of the world’s most critical waterways. CGTN's Owen Fairclough reports.
For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.