B.C. Gas Prices Soar Amid Iran War Oil Disruption
British Columbia faces prolonged high gas prices as the U.S.-Israeli war in Iran disrupts oil shipments through the Strait of Hormuz, with experts warning costs could exceed $2 per litre.
Category : Energy Sector
Iran Leadership Shift Triggers Oil Spike and Market Slide
Global oil prices surged and financial markets tumbled following Iran's appointment of a new supreme leader, escalating fears of prolonged conflict and economic instability.
Putin: Energy Crisis Here, Russia Ready to Work with Europe
Russian President Vladimir Putin states the energy crisis has arrived, expressing readiness to collaborate with Europe as oil prices surge and global markets react with volatility.
Nova Scotia Gas Prices Change Third Time in a Week
Gasoline prices in Nova Scotia have been adjusted for the third time within just one week, reflecting ongoing volatility in the energy market. This rapid fluctuation impacts consumers and highlights broader economic trends in the region.
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Putin: Iran War Triggers Energy Crisis, Russia Ready to Supply Europe
Russian President Vladimir Putin warns the Iran war has caused a global energy crisis, threatening oil transit through the Strait of Hormuz. He signals Russia's readiness to supply oil and gas to Europe if cooperation is long-term and non-politicized.
Keystone XL Revival: Pipe Dream or Realistic Possibility?
The potential revival of the Keystone XL pipeline sparks debate as unused pipe in North Dakota and existing infrastructure could provide a head start for new projects, while Alberta seeks to offload regulatory risks to U.S. companies.
Oil Market Watchers Weigh Impacts of Prolonged Mideast War
Experts are evaluating how a sustained war in the Middle East could disrupt global oil supplies, drive price volatility, and affect economic stability worldwide.
Strait of Hormuz Closure Sparks Global Oil Crisis
The Strait of Hormuz, a critical chokepoint for nearly one-third of global marine crude traffic, is effectively closed due to conflict in Iran, causing oil prices to skyrocket above $100 per barrel and threatening worldwide inflation.
Oil Prices Soar After Iran Leadership Change and Attacks
Global oil prices have spiked to nearly $120 per barrel following Iran's appointment of a new supreme leader and increased military strikes, causing worldwide market turmoil and raising fears of a broader Middle East conflict.
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Qatar LNG Expansion Delayed to 2027 After Iran Attack
QatarEnergy postpones its North Field East LNG project to at least 2027 due to a drone attack, impacting global supply and delaying a potential market glut.
Oil Surges Past $100 as Iran War Forces Production Cuts
Brent crude oil prices skyrocketed 11% to over $103 per barrel, marking the largest daily gain since 1988, as Middle East producers cut output amid escalating conflict.
Oil Prices Spike Over $120 Amid Iran War Production Woes
Global crude oil prices have skyrocketed, nearing $120 per barrel, as escalating military conflict in Iran severely hampers production and shipping, triggering market volatility and economic concerns worldwide.
G7 to Discuss Joint Oil Reserve Release Amid Price Surge
G7 finance ministers will hold an emergency meeting to discuss a coordinated release of petroleum reserves through the International Energy Agency, aiming to stabilize oil markets after prices surged above $100 per barrel due to Middle East conflict.
Canada's Pipeline Shortfall Costs Billions Amid Oil Price Surge
As oil prices exceed $100 per barrel due to Middle East conflict, Canada's lack of pipeline infrastructure prevents full economic benefit, costing the nation billions in lost revenue.
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Oil Prices Soar After Iran Names New Leader, Launches Attacks
Global oil markets experience significant volatility as Iran appoints a new supreme leader and intensifies military actions, impacting energy security and economic stability worldwide.
Trump Officials Defend Russian Oil Waiver Amid Iran War Price Spike
Trump administration officials justify a temporary waiver on Russian oil sanctions, predicting gasoline price hikes from the Iran conflict will ease within weeks as global markets adjust.
Oil Prices Jump 20% on Middle East War Supply Cuts
Oil prices surged nearly 20% to their highest since July 2022 as the U.S.-Israeli war with Iran prompts major Middle Eastern producers to cut output amid fears of prolonged shipping disruptions through the Strait of Hormuz.
Oil Prices Surge Past $100 Amid Iran Conflict Disruptions
Crude oil prices have exceeded US$100 per barrel due to production and shipping disruptions caused by the Iran war, impacting global energy markets and driving up costs.
Middle East War Drives Up Gas Prices in Ottawa
The ongoing conflict in the Middle East is causing gasoline prices to climb across Canada, with Ottawa drivers experiencing significant impacts and analysts warning of further increases ahead.
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Large Power Outage Hits Toronto's East End and Scarborough
A significant power outage has impacted a large area of Toronto's east end, including East York and southwest Scarborough, due to a loss of supply from Hydro One.
Major Power Outage Hits Toronto's East End and Scarborough
A significant power outage has impacted a large area of Toronto's east end, including East York and southwest Scarborough, affecting numerous residents and businesses on March 7, 2026.
Could Canada Help Countries Facing an Energy Crisis?
As global conflicts drive oil and gas prices higher, Canada's energy sector may hold solutions for nations at risk of shortages. Experts analyze the potential for Canadian exports to stabilize markets.
Kuwait Cuts Oil Output as U.S.-Iran War Blocks Hormuz Strait
Kuwait Petroleum Corporation has reduced oil production and declared force majeure due to the U.S.-Iran conflict, which has blocked the Strait of Hormuz for eight days, threatening global energy supplies.
Canada's Role in Averting Global Energy Crisis Amid War
As the Iran conflict escalates, oil and gas prices surge globally. Canada's energy sector could provide crucial stability, but challenges remain in balancing exports with domestic needs.
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Albertans Face Delayed Fuel Tax Relief Amid Rising Gas Prices
Premier Danielle Smith indicates that fuel tax relief for Albertans may be months away due to quarterly adjustments, despite recent gas price spikes linked to Middle East conflicts.
Montreal Gas Prices Hit $1.70/L Amid Iran War Surge
Gasoline prices in Montreal have surged to an average of 168.5 cents per litre, the highest since 2024, with some stations exceeding $1.70 due to global oil market turmoil from the Iran war.
Maritime Diesel Prices Spike Over 10% in Single Day
Diesel fuel prices surged by double digits across the Maritime provinces on Saturday, March 7, 2026, marking the third increase in a week. Gasoline costs also climbed, adding to regional economic pressures.
Oil and Gas Prices Surge Amid Escalating Iran Conflict
Global oil prices have surged above $90 per barrel, driving rapid increases in gasoline costs worldwide as the Iran war intensifies, with no resolution in sight.
Alberta Economic Outlook Rewritten as Oil Prices Spike Sharply
Alberta's economic forecast is being reassessed after oil prices surged over 35% in March due to Middle East conflicts, with experts outlining multiple scenarios for provincial growth.
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Oil Hits 2023 Highs, Weak Jobs Data Sinks Stocks
Oil prices surged above $90 per barrel due to the Iran war, while a disappointing U.S. jobs report triggered a stock market selloff, raising stagflation fears.
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