Various-Oil Prices/Surge
Various-Oil Prices/Surge
Dateline : May 4, 2026/File
Location : Various
Duration : 1'21
Beijing, China - May 5, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of oil futures prices
FILE: Texas, USA - Date Unknown (CCTV - No access Chinese mainland)
2. Various of land drilling rig in operation
FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
3. Various of land drilling rig in operation
FILE: Huntington Beach, California, USA - Oct 20, 2021 (CCTV - No access Chinese mainland)
4. Various of offshore oil rig
FILE: Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
5. Various of oil facilities
FILE: Helsinki, Finland - Exact Date Unknown (CGTN - No access Chinese mainland)
6. Various of van moving on road, refinery, gas flare
FILE: South Africa - Date Unknown (CGTN - No access Chinese mainland)
7. Exterior of oil processing factory
Washington D.C., USA - Recent (CCTV - No access Chinese mainland)
8. Various of gas station, fuel dispenser
Global Oil prices climbed on Monday following renewed hostilities in the Middle East, particularly involving Iran.
West Texas Intermediate crude for June delivery gained 4.48 U.S. dollars, or 4.39 percent, to settle at 106.42 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery went up 6.27 U.S. dollars, or 5.8 percent, to close at 114.44 U.S. dollars a barrel on the London ICE Futures Exchange.
The Navy of Iran's Islamic Revolution Guard Corps on Monday struck with two missiles a U.S. Navy frigate that sought to pass through the Strait of Hormuz, the semi-official Fars news agency reported.
The U.S. frigate, which had set sail near Iran's southern port city of Jask to cross the Strait of Hormuz "in violation of the traffic and shipping security," was hit after ignoring the Iranian naval forces' warning, Fars cited local sources as saying.
However, according to a subsequent report by Axios, a senior U.S. official denied that a U.S. ship was attacked by Iranian missiles.
Also on Monday, U.S. Central Command (CENTCOM) said that two U.S.-flagged merchant vessels had successfully passed through the Strait of Hormuz as the American forces are assisting efforts to restore commercial shipping transit through the strategic waterway.
Brad Cooper, chief of U.S. Central Command, told a news conference on Monday that the U.S. military had sunk six small Iranian boats in the Strait of Hormuz with air strikes from Apache and MH 60 Seahawk helicopters.
However, Iran's semi-official Tasnim news agency has rejected U.S. claims of sinking Iranian boats.
ID : 8477831
Published : 2026-05-05 09:05
Last Modified : 2026-05-05 16:09:16
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : See shotlist
More
