Drivers going to fill up their gas tanks within the past week no doubt have noticed a recent spike in prices at pumps across Canada,. The increase is also being seen globally as the price of oil reacts mainly to the latest developments out of the Middle East. Specifically, escalating tensions between Iran and Israel, … Read more
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images The CEOs of two major energy companies are monitoring the developments between Iran and Israel — but they aren’t about to make firm … Read more
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will … Read more
Oil prices are leaping and stocks are falling Friday over worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy. The price of a barrel of West Texas intermediate — the benchmark U.S. crude — jumped close to … Read more
Air India Boeing 787 Dreamliner aircraft with registration letters VT-ANB flies over Tokyo, Japan, April 27, 2025 in this picture obtained from social media. Koki Takagi | Via Reuters Israel launched a series of airstrikes in Iran early Friday, escalating the simmering conflict between the two nations. Israel said that it was targeting locations related … Read more
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader. Office Of The Iranian Supreme Le | Via Reuters Crude oil futures jumped 10% Thursday evening after Israel launched airstrikes against Iran without U.S. support. U.S. West Texas Intermediate rose 10.21%, to $74.99 … Read more
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images U.S. crude oil futures rose more than 4% Wednesday on escalating tensions in the Middle East. Brent crude futures rose $2.90, or 4.34%, to close … Read more