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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

Before it was shut on September 10, 2026, Saudi Arabia's East-West Pipeline fed tankers at the Red Sea port of Yanbu. Suppose the pipeline restarts and nothing else changes. What would still limit where that oil could go?

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