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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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Reuters News report Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions Published Sep 15, 2026By Robert Harvey www.reuters.comRead original article (opens in a new tab)

Full article: cargo prices, Yanbu suspension, cancelled European cargoes

Used for the physical-versus-futures price gap and the Saudi export disruptions, attributed to trade sources and LSEG data.

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

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Linked to 2 claims

RTTNews (via Nasdaq) News report Crude Oil Skyrockets Amid Expansive Supply Disruption Concerns Published Sep 15, 2026 www.nasdaq.comRead original article (opens in a new tab)

Paragraphs on the pipeline, the cancelled meeting in Oman and the Kpler transit counts

Newswire market report. Used, with attribution, for the flow the pipeline carried, its attribution of the attack to Houthi drones, the cancelled September 14 meeting and the count of four vessels through the strait that day. Its sentence that Iran wants a deal 'quickly and badly' is the newswire's paraphrase of President Trump and is not used as a quotation.

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

Where it connects

Linked to 3 claims

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Related reporting onThe United States and Iran have held no official negotiations since late June 2026, the US-funded broadcaster Radio Free Europe/Radio Liberty reported. On September 14 President Donald Trump wrote that Iran 'wants to make a deal, quickly and badly'. The decision to engage was his, he wrote, 'The concept of which we are open to'. Iran's state news agency IRNA quoted a post by Mohsen Rezaee, Iran's security council secretary, as saying 'No talks until Iran's conditions are met'.Explore this claim →

International Energy Agency Official record Oil Market Report - September 2026 (public highlights) Published Sep 11, 2026 www.iea.orgRead original source (opens in a new tab)

Highlights and the overview paragraphs on Gulf exports, prices and inventories

Public highlights page. The full report is for subscribers and is not held. Used for Gulf exports, the split between futures and physical prices, inventories and the role of Russian refining. Raw copy: evidence/mideast-oil-shock/primary-raw-oilshock/iea-omr-2026-09-highlights.html.

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