Watch CBS News

Oil prices expected to rise due to conflict in Iran

Name: Oil prices expected to rise due to conflict in Iran
Uploaded: 2026-03-01T17:54:00-0600
Duration: 33 s
Description: Iran controls part of the Strait of Hormuz, a critical shipping lane where about 20 million barrels of oil flow every day, and it’s the world’s sixth-largest oil producer.

Iran controls part of the Strait of Hormuz, a critical shipping lane where about 20 million barrels of oil flow every day, and it’s the world’s sixth-largest oil producer.