Recent developments have caused significant fluctuations in oil prices, particularly following a truce between Iran and the USA.
Canada allies hormuz: What is Canada and its allies’ response to the Hormuz blockade?
Canada has joined forces with allies to address the blockade of the Strait of Hormuz by Iran, highlighting the risks to global energy supply chains.
Oil price today
Oil prices have experienced a sharp decline today, with Brent crude falling to $89.31 per barrel. This drop follows a surge earlier this week due to geopolitical tensions.