Oil Tops $115 a Barrel as Iran Conflict Deepens

Oil has hit its highest price since the Iran conflict began, as U.S. President Trump threatens to strike Iranian energy and water infrastructure if a deal is not reached soon. CGTN's Elaine Reyes spoke with Seamus Malekafzali, a freelance journalist specializing in the Middle East and Global South, about the energy crisis unfolding and who stands to pay the steepest price. #bizshow #Iran #IranConflict #MiddleEastConflict #oil #gasprices #energycrisis 00:00 Oil surges past $115… how bad could it get? 00:13 Could oil hit $200? Markets brace for worst-case scenario 00:50 Trump threats raise stakes: targeting Iran infrastructure 01:06 Catastrophic risk: water, energy, and Gulf vulnerabilities 01:51 Markets can’t prepare for this kind of shock 03:01 Why a deal is unlikely as tensions escalate 04:18 Inflation surge warning as global supply chains at risk 05:11 Global fallout: food, energy, and “demand destruction” Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.