Oil Prices

• Wall Street surges, oil prices plunge on ‘fragile truce’ of Iran ceasefire

  Oil prices plunged below US$95 per barrel, and stock markets surged worldwide Wednesday after U.S. President Donald Trump pulled back from his threat to destroy Iran.

  World

  Apr 8
  
• Oil prices fall as Iran agrees to reopen Strait of Hormuz during ceasefire

  Oil prices fell sharply Wednesday morning amid news Iran has agreed to reopen the Strait of Hormuz as part of its two-week-long ceasefire with the United States.

  Canada

  Apr 8
  
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• What happens if oil breaches US$150 a barrel? BMO report lays out warning

  A recent BMO report has warned that oil prices going past US$150 per barrel as a result of the Iran war would ripple out throughout the broader economy.

  Economy

  Apr 6
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• Oil rises and Asian stocks fall after Trump says US will hit Iran hard and ‘finish the job’

  Trump said in his speech that the United States will “finish the job” in Iran soon as “core strategic objectives are nearing completion” and military operations could wrap up soon.

  Economy

  Apr 2
• Soaring U.S. gas prices amid Iran war ups pressure on drivers and Trump

  U.S. gas prices jumped past an average of US$4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide.

  U.S. News

  Mar 31
• Here is what could tip Iran war oil shock into an ‘economic catastrophe’

  The risk of an expanded Iran war grew on Saturday as Yemen's Iran-aligned Houthis launched their first attacks on Israel since the start of the conflict.

  Consumer

  Mar 31
• Oil prices keep climbing as Iran war uncertainty drags stock markets down

  The mixed movements followed a whirlwind of action in the war over the weekend, including an entry into the fighting by Houthi rebels in Yemen.

  Money

  Mar 30
• U.S. markets post 5th straight weekly loss amid Iran war uncertainty

  The S&P 500 fell 1.7% to close its worst week since the war with Iran began, while Wall Street's five-week losing streak is its longest in nearly four years.

  Money

  Mar 27
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• Oil could breach $200 a barrel if Iran war continues to June, report says

  The oil shock from the war is 'already bigger than the peak in either of the 1970s oil shocks, or the first two Gulf Wars,' the note said.

  Economy

  Mar 27
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• Price surge from Trans Mountain expansion highlights need for new pipelines: MEI

  The average price-gap between light U.S. and heavy Alberta crude blends narrowed by 37.5 per cent between 18-month lead-up to TMXs completion and the 18 months that followed.

  Canada

  Mar 26