Oil Prices
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Iran’s leader vows to continue attacks in 1st statement since appointmentIran’s secretive new supreme leader on Thursday vowed to keep up attacks on Gulf Arab countries and use the effective closure of the strategic Strait of Hormuz as leverage.WorldMar 12
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Oil prices jump, U.S. markets retreat as Iran war worsens supply concernsU.S. benchmark crude oil jumped US$4.52 to US$91.77 a barrel. Brent, the international standard, climbed US$5.34 to US$97.32 per barrel after briefly eclipsing the US$100 level.WorldMar 12
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Canada, 31 nations agree to release 400M barrels of emergency oilCanada and a group of dozens of other countries have agreed to release 400 million barrels of oil from their strategic reserves as the Iran war threatens the global supply.WorldMar 11
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Oil prices could surge to $200 a barrel, Iran warns as war stretches onIran's military command said on Wednesday the world should be prepared for oil to hit US$200 a barrel, as three more ships came under attack in the blockaded Gulf.WorldMar 11
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Airlines around world hike fares as Iran war sparks global fuel price surgeThe war has sent oil prices surging, upending global travel, pushing airline tickets on some routes sky-high, and sparking fears of a deep travel slump.WorldMar 10
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G7 won’t release oil reserves yet to quell surging oil prices amid Iran warG7 finance ministers said they were monitoring the situation and were prepared to implement 'necessary measures,' but stopped short of committing to release emergency reserves.EconomyMar 9
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Oil price spikes will hit Canadians ‘throughout our economy,’ experts sayCanadian consumers are going to feel it in their wallets just about everywhere the longer the Iran war goes on, while some parts of the economy could see benefits.ConsumerMar 9
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Hungary to cap gas prices as Iran war fuels global oil shocks, Orban saysThe move came amid soaring global oil prices as the Iran war, now in its second week, ensnares countries and infrastructure critical to the production and movement of oil and gas.WorldMar 9
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Oil prices soar as G7 ministers to meet on strategic reserves and Iran warGermany's finance ministry said on Monday that G7 finance ministers would meet later in the day to discuss the impact of the war in Iran.WorldMar 9
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Gas rises to $1.50 in Edmonton as Middle East conflict pushes up oil pricesWest Texas Intermediate, the North American benchmark, went from US$71 per barrel on Monday to $90US a barrel on Friday — the biggest weekly gain since Russia invaded Ukraine.EconomyMar 6
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