Strait Of Hormuz

• Gas prices are expected to drop soon, but geopolitical risks remain

  Consumers in Canada could see some relief at gas pumps starting next week as gas refineries go through regular seasonal changes, but how much prices will drop is unclear.

  Consumer

  Sep 11
  
• U.S. says claim Iran struck unmanned ship in Strait of Hormuz ‘total lie’

  Diplomats say the U.S., Britain, France and Germany now seek to refer Iran to the U.N. Security Council for failure to comply with its nuclear nonproliferation obligations.

  World

  Sep 6
  
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• U.S. strikes 3 Iranian oil tankers after missiles target Navy ships

  The U.S. military says it struck three Iranian oil tankers after Iran launched missiles toward two U.S. Navy warships in the region.

  World

  Sep 5
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• Gas prices set to change when excise tax pause expires — what to know

  Some temporarily relief at the gas pump for Canadian consumers is set to end next month when the fuel excise tax pause is scheduled to expire.

  Consumer

  Aug 14
• IEA expects world oil demand to fall amid surging gas prices

  Demand for crude oil worldwide is expected to fall as higher gas prices force many consumers and businesses to reduce their consumption, according to the IEA.

  Consumer

  Aug 13
• Strategic oil stockpiles have hit a 40-year low amid the Iran war

  Oil prices spiked Tuesday as the Iran war continues to jeopardize global supplies, with U.S. strategic stockpiles falling to the lowest level in more than 40 years.

  World

  Aug 11
• Iran says it won’t reopen Strait of Hormuz until the US meets its demands

  Iran is insisting that the U.S. meet its demands in negotiations before the Strait of Hormuz reopens.

  World

  Aug 10
• Iran, U.S. make opposing peace talk claims as cargo ships report strikes

  A British maritime monitoring agency said a cargo ship reported being hit by a projectile overnight off the coast of Oman in the Strait of Hormuz.

  World

  Aug 4
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• Trump backs off 20% fee threats for cargo shipped through Strait of Hormuz

  U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz.

  World

  Jul 14
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• Who controls the Strait of Hormuz? U.S., Iran make competing claims

  The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East.

  World

  Jul 13