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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.

Published Sep 22, 2026 Reporting through Sep 16, 2026 Sources for this story (32) ↗

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IRNA, Iran's state news agency (reprinted by GlobalSecurity.org) Stakeholder statement Any assessment of Hormuz crisis 'incomplete' without addressing root causes: Iran's UN envoy Published Sep 14, 2026 www.globalsecurity.orgRead original source (opens in a new tab)

Second paragraph, the direct quotation of Ali Bahreini (IRNA News ID 86264119)

State media of a party to the war quoting Iran's permanent representative to the UN office in Geneva. Evidence of what Iran says. Held as the globalsecurity.org reprint. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/irna-260914-irna02.globalsecurity-mirror.html.

Retrieved Sep 20, 2026. Original historical capture has not been verified.

Where it connects

Sep 9, 2026The United States and Iran each report strikes on the other's ships

Linked to 1 claim

Related reporting onThe United States and Iran have each reported striking the other's ships in the second week of September 2026. US Central Command said it 'destroyed five Iranian crude oil carriers' on September 8. It said Iran's Revolutionary Guard had twice targeted a US Navy warship with ballistic missiles over the two days before. The Guard said it targeted two US vessels and eight oil tankers 'in response to the latest US attacks on five Iranian oil tankers'.Explore this claim →

Bloomberg (via Mint) News report Oil Pushes Further Above $100 as Middle East Conflict Deepens Published Sep 10, 2026 www.livemint.comRead original article (opens in a new tab)

Opening paragraphs; escalation summary and prewar Hormuz share

Bloomberg market wrap syndicated on Mint, so it is wire copy. The bloomberg.com original is paywalled and this copy stands in (same independence group). Used for the April peak and the prewar share of oil and liquefied natural gas moving through Hormuz.

Retrieved Sep 16, 2026. Original historical capture has not been verified.

Where it connects

Linked to 1 claim

Evidence forGulf oil exports in August 2026 were around 13 million barrels a day, nearly half their prewar level, the International Energy Agency estimates. Before the war about a fifth of the world's oil and liquefied natural gas passed through the Strait of Hormuz, Bloomberg reported. The agency credits the remaining flow partly to routes that bypass the strait and to US military escorts through it.Explore this claim →

Reuters (via The Star) News report Oil jumps over 6% on more tanker attacks Published Sep 10, 2026 www.thestar.com.myRead original article (opens in a new tab)

Paragraphs 1-9: settlement prices, Mocha, the tanker exchange, S&P Global Energy

Reuters market report carried by The Star (Malaysia); the reuters.com original was not reachable at authoring time, so this syndicated copy stands in (same independence group). Used for the September 10 settlement prices and the attributed accounts of the tanker exchanges.

Retrieved Sep 16, 2026. Original historical capture has not been verified.

Where it connects

Linked to 2 claims

IRNA, Iran's state news agency (reprinted by GlobalSecurity.org) Stakeholder statement IRGC targets US vessels, tankers in Strait of Hormuz Published Sep 9, 2026 www.globalsecurity.orgRead original source (opens in a new tab)

Whole item (IRNA News ID 86259081)

State media of a party to the war reporting a statement by the Islamic Revolution Guards Corps. Evidence of what Iran says, not of what happened. en.irna.ir blocks automated downloads, so the copy held is the full-text reprint on globalsecurity.org, which prints the IRNA byline, time and News ID. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/irna-260909-irna01.globalsecurity-mirror.html.

Retrieved Sep 20, 2026. Original historical capture has not been verified.

Where it connects

Linked to 2 claims

US Central Command Stakeholder statement US Central Command post on X, September 8, 2026 Published Sep 8, 2026 x.comRead original source (opens in a new tab)

First sentence of the post

Statement by the military command of a party to the war. Evidence of what the United States says, not of what happened. The copy held comes from X's syndication endpoint and is cut off after 271 characters, so only the first sentence is quoted. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/centcom-x-2097448820099711412.json.

Retrieved Sep 20, 2026. Original historical capture has not been verified.

Where it connects

Sep 9, 2026The United States and Iran each report strikes on the other's ships

Linked to 1 claim

Evidence forThe United States and Iran have each reported striking the other's ships in the second week of September 2026. US Central Command said it 'destroyed five Iranian crude oil carriers' on September 8. It said Iran's Revolutionary Guard had twice targeted a US Navy warship with ballistic missiles over the two days before. The Guard said it targeted two US vessels and eight oil tankers 'in response to the latest US attacks on five Iranian oil tankers'.Explore this claim →

The White House Stakeholder statement Operation Epic Fury: Decisive American Power to Crush Iran's Terror Regime Published Mar 12, 2026 www.whitehouse.govRead original source (opens in a new tab)

Opening paragraph, the stated objectives

Release by the government of a party to the war. It is dated March 12, 2026, twelve days after the first strikes. No US statement dated February 28 is held. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/wh-2026-03-operation-epic-fury.html.

Retrieved Sep 20, 2026. Original historical capture has not been verified.

Where it connects

Sep 9, 2026The United States and Iran each report strikes on the other's ships

Linked to 1 claim

Related reporting onThe United States and Iran have each reported striking the other's ships in the second week of September 2026. US Central Command said it 'destroyed five Iranian crude oil carriers' on September 8. It said Iran's Revolutionary Guard had twice targeted a US Navy warship with ballistic missiles over the two days before. The Guard said it targeted two US vessels and eight oil tankers 'in response to the latest US attacks on five Iranian oil tankers'.Explore this claim →

Israel Defense Forces Stakeholder statement Press Briefing by IDF Spokesperson BG Effie Defrin, February 28, 2026 Published Feb 28, 2026 www.idf.ilRead original source (opens in a new tab)

Opening paragraph, the stated objective of the operation

Statement by the military of a party to the war, on the war's first day. idf.il blocks automated downloads, so the copy held is the Internet Archive capture of 2026-04-29. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/israel-idf-briefing-2026-02-28.wayback-20260429143041.html.

Retrieved Sep 20, 2026. Original historical capture has not been verified.

Where it connects

Sep 9, 2026The United States and Iran each report strikes on the other's ships

Linked to 1 claim

Related reporting onThe United States and Iran have each reported striking the other's ships in the second week of September 2026. US Central Command said it 'destroyed five Iranian crude oil carriers' on September 8. It said Iran's Revolutionary Guard had twice targeted a US Navy warship with ballistic missiles over the two days before. The Guard said it targeted two US vessels and eight oil tankers 'in response to the latest US attacks on five Iranian oil tankers'.Explore this claim →