Various-Oil Prices/Surge

Oil prices rise rapidly amid Mideast conflict

  • English
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  • ID : 8470683
  • Dateline : March 17, 2026/File
  • Location : Various
  • Category : Markets
  • Duration : 1'14
  • Audio Language : Nats/Part Mute
  • Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : See shotlist
  • Published : 2026-03-17 18:19
  • Last Modified : 2026-03-17 20:38:50
  • Version : 3

Various-Oil Prices/Surge

Oil prices rise rapidly amid Mideast conflict

Dateline : March 17, 2026/File

Location : Various

Duration : 1'14

  • English

Beijing, China - March 17, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of oil futures prices

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
2. Various of oil field facilities, pipelines, fire

FILE: Kuwait - Aug 7, 2017 (CCTV - No access Chinese mainland)
3. Various of oil drilling rig in operation

FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
4. Various of workers at oil refinery

FILE: Kurdistan Region, Iraq - July 2016 (CCTV - No access Chinese mainland)
5. Various of oil refinery
FILE: Strait of Hormuz - 2011 (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International TV)
6. Various of boats sailing through Strait of Hormuz; island in strait


International oil prices rebounded sharply in intraday trading on Tuesday as markets weighed continued uncertainty over a proposed U.S.-led naval escort arrangement in the Strait of Hormuz, alongside reports that a tanker anchored in the Gulf of Oman was struck by an unidentified projectile.

The West Texas Intermediate for April delivery jumped 3.39 percent to 96.67 U.S. dollars a barrel on the New York Mercantile Exchange, as of 15:30 Beijing time (0730 GMT).

Brent crude for May delivery rose 3.08 percent to 103.30 U.S. dollars a barrel on the London ICE Futures Exchange.

A statement from The United Kingdom Maritime Trade Operations (UKMTO) reported on Tuesday that a tanker anchored in the Gulf of Oman had been attacked by an unidentified projectile, suffering minor structural damage. No injuries were reported.

The UKMTO said the incident occurred 23 nautical miles (about 42.6 kilometers) east of Fujairah in the United Arab Emirates. No environmental pollution was reported. The statement did not provide further details.

ID : 8470683

Published : 2026-03-17 18:19

Last Modified : 2026-03-17 20:38:50

Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : See shotlist

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