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The Middle East oil shock

Oil is sold on a world market, so Canadian refiners pay the world price. No official negotiations to end the war are under way.

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Claims from: No negotiations, and a US estimate of what the war costs · Show all story claims

Suppose a headline from September 2026 says Iran retaliated after the United States destroyed five of its tankers. Set it beside the two militaries' own statements. How does it hold up?

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This question uses evidence available by Sep 10, 2026. Explore the linked timeline moment for context.

Choose the interpretation best supported by the evidence
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