Various-Oil Prices/Hormuz

Crude futures settle lower on hopes of U.S.-Iran deal over Strait of Hormuz

  • English
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  • ID : 8492840
  • Dateline : Aug 4, 2026/File
  • Location : Various
  • Category : Markets
  • Duration : 1'25
  • Audio Language : Nats/Part Mute
  • Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : See shotlist
  • Published : 2026-08-05 09:03
  • Last Modified : 2026-08-05 09:29:13
  • Version : 3

Various-Oil Prices/Hormuz

Crude futures settle lower on hopes of U.S.-Iran deal over Strait of Hormuz

Dateline : Aug 4, 2026/File

Location : Various

Duration : 1'25

  • English


Various - Aug 4, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Graphic showing changes of oil futures prices

FILE: Strait of Hormuz - June 5-6, 2026 (CCTV - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
2. Various of stranded vessels in Strait of Hormuz

FILE: Bab Oilfield, UAE - 2023 (CGTN - No access Chinese mainland)
3. Various of oil field facilities, pipelines, associated gas flame

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

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

FILE: Kurdistan Region, Iraq - July 2016 (CCTV - No access Chinese mainland)
6. Various of oil refinery


International crude oil futures tumbled more than 5 percent on Tuesday after media reports suggested that the United States and Iran may soon reach an agreement concerning the Strait of Hormuz, easing fears of oil supply disruptions through the critical waterway.

The West Texas Intermediate for September delivery decreased by 4.57 U.S. dollars, or 5.69 percent, to settle at 75.77 dollars a barrel on the New York Mercantile Exchange.

Brent crude for October delivery dropped 4.41 dollars, or 5.26 percent, to settle at 79.36 dollars a barrel on the London ICE Futures Exchange.

ID : 8492840

Published : 2026-08-05 09:03

Last Modified : 2026-08-05 09:29:13

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

Restrictions : See shotlist

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