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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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ABC News (Australia), with Reuters News report Houthis advance along Yemeni coast, threaten Saudi oil exports in Red Sea Published Sep 11, 2026 www.abc.net.auRead original article (opens in a new tab)

Paragraphs on the Houthi shipping ban, the Iranian official's reply and the ship-tracking count

News report built largely on Reuters reporting, so it shares Reuters' independence group. Used for the count of seven vessels through the strait on September 9, the Houthi ban on Saudi shipping declared in July 2026, and a senior Iranian official's words 'Iran does not control the Houthis'.

Retrieved Sep 20, 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 →

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

The Globe and Mail News report Global economy shudders on oil spike, bond selloff Published Sep 10, 2026By Mark Rendell www.theglobeandmail.comRead original article (opens in a new tab)

Middle sections: Bank of Canada expectations, Canadian pump price, bond yields

Canadian macro coverage of September 10, 2026. Used for market bets on a rate increase, the 10-year Government of Canada bond yield and Doug Porter's remarks. Its sentence on Governor Macklem is the newspaper's summary and is attributed as such. Its national average gasoline price of $1.78 a litre names no data source and disagrees with Natural Resources Canada's series (s14), so it appears only in the scope of c04.

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

Where it connects

Sep 10, 2026US oil closes above US$100 a barrel

Linked to 2 claims

Bank of Canada Official record Bank of Canada interest rate announcement, September 2, 2026 Published Sep 2, 2026 www.bankofcanada.caRead original source (opens in a new tab)

Rate decision and the paragraphs on energy prices and inflation risks

Official rate announcement. Both 'little progress reopening the Strait of Hormuz' and the sentence on refinery margins and spillover are in this release, not in the Governor's statement (s11). Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/boc-press-release-2026-09-02.html.

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