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Global Oil Prices Continue to Soar, Impacting Costs for Canadians

Summary by CBC News
The price of crude oil continues to rise amid the U.S.-Israel war with Iran and the closure of the Strait of Hormuz, increasing costs at home for Canadians.

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Here you can find information on the topic "Iran War". Read now "Sprit prices are rising slowly".

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On the road of energy consumption, Galicia continues to circulate at great speed. With the price of fuel accelerating day by day and without sure signs of brake, the refueling becomes an increasingly expensive stop for drivers, impacting fully in their pockets. The attack by the United States and Israel on Iran has put the Galician economy on a slope that is observed every time it is necessary to stop in the pumps of the gas stations.

Prague - Oil and fuel prices will continue to rise in the coming days. The current price increase will not be stopped even by the release of emergency reserves, which was announced by the International Energy Agency (IEA) in recent days. The development of the security situation in the Middle East will continue to be decisive. The release of reserves may only be slightly noticeable at the end of the month, and only for a short time. This follows…

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Talouselämä broke the news in on Monday, March 16, 2026.
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