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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: Saudi Arabia says its East-West Pipeline is shut · Show all story claims

President Donald Trump wrote on September 14, 2026 that Iran 'wants to make a deal, quickly and badly'. Hours later Iran's security council secretary posted on X. Iran's state news agency IRNA quoted the post as saying 'No talks until Iran's conditions are met'. What does the Iranian post do to Trump's sentence?

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