American and Canadian Crude is Responsible for Price Stabilization as the Middle East Remains Volatile

American and Canadian Crude is Responsible for Price Stabilization as the Middle East Remains Volatile

Fueling The Conversation, Week of July 7th, 2025 Rumblings of another Middle East situation have grabbed headlines over the past few weeks as Israel, the U.S., and Iran have traded blows. While these events led to fears of a drawn-out conflict, notably missing from the coverage was any indication of an oil price shock. As a fragile ceasefire remains in place, the ongoing conflict between the two nations has opened the door to what should have be…