Continued high fuel costs could force the Bank of Canada to raise interest rates to subdue inflation.
With the conflict in Iran easing at last with a peace deal between Tehran and Washington seemingly near at hand, many crucial questions remain that point to continued high oil prices for months to come.
How long will it take to fully reopen the Strait of Hormuz, the choke point that has bottled up roughly one-fifth of the world’s supply of oil and liquified natural gas for almost three months?
US-Iran talks are heating up again. But the danger isn’t over for gas prices | CNN Business
Oil prices may plunge on Iran-US peace talks
Why Hasn’t Oil Hit $150? | OilPrice.com
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Oil Could Stay Above $100 for Years, Analysts Warn | OilPrice.com
Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?
Petrol, prices and pressure: How the Iran war is hitting American households
Expert Says Traders Should Brace for July Jump in Oil Prices | OilPrice.com
Australian fuel prices face July surge if Strait of Hormuz remains shut
Will reopening Hormuz quickly reverse damage from near three-month closure?
Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a…
Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady,…
Peace talks between the US and Iran could lead to a significant drop in oil prices, impacting global fuel costs. Learn how the…
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
"Clearly, the longer that oil remains at these levels, expectations of a sustained shock will only grow," Deutsche Bank's Jim…
Prices are likely to rise substantially if the Strait of Hormuz remains, in effect, closed, market watchers say.
