Can you envision any of the first three happening in the next two years, in a timeframe that would be relevant to the current situation?
Canada continues to import some foreign crude for eastern refineries, including from Middle Eastern suppliers like Saudi Arabia. However, during the March 2026 Mideast conflict (Iran crisis), Canada is primarily acting as a net exporter and stabilizer, releasing 23.6 million barrels of oil to help global markets rather than relying on imports…& locally yesterday, once I convert, I paid about $4.50USD per USG at the pump (for gasoline) here in Regina SK. It’s worse elsewhere but this isn’t good.
DUBAI, United Arab Emirates (AP) — President Donald Trump expressed frustrati
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I’m literally sitting a few miles away from a heavy oil upgrader that isn’t refining crude from the Middle East.
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U.S. President Donald Trump says nations upset by high fuel prices should ‘
go get your own oil’ as Iran maintains its chokehold on the Strait of Hormuz for some reason. His comments in a social media post on Tuesday came as average U.S. gas prices shot past $4 a gallon.
U.S. strikes hit a city Tuesday that is home to one of Iran’s main nuclear sites, sending a massive fireball into the sky, and Tehran
attacked a fully loaded Kuwaiti oil tanker in the Persian Gulf.
Trump warned this week that if a ceasefire is not reached “shortly,” and if the strait is not reopened, the U.S. would broaden its offensive, including by attacking the
Kharg Island oil export hub and possibly
desalination plants.
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The
attack was the latest on merchant vessels in the strait, a vital waterway for shipping oil, since the United States and Israel attacked Iran on February 28, without consulting/advising any of their allies before hand.
LSEG Data showed the vessel was heading to Qingdao in China, and was carrying 1.2 million barrels of Saudi crude oil and 800,000 barrels of Kuwaiti crude, according to monitoring service TankerTrackers.com.
U.S. Defense Secretary Pete Hegseth said on Tuesday the next few days in the war against Iran would be decisive and warned Tehran that the conflict would intensify if it did not make a deal.
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After earlier threatening to obliterate Iran's energy plants if it does not agree to a
peace deal and open the Strait of Hormuz, Trump said in a social media post on Tuesday that countries running short of jet fuel needed to look after themselves, or buy from the U.S.
.
