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Pump prices jump sharply as global oil supply shock hits Canadian drivers
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Pump prices jump sharply as global oil supply shock hits Canadian drivers
FORT McMURRAY, — A sudden disruption to oil shipments through one of the world’s most critical energy chokepoints is pushing fuel prices higher globally, with early impacts already visible at the pumps across Canada. Gas price analyst Patrick De Haan says the Strait of Hormuz, a narrow shipping lane between Iran and Oman that carries roughly 20 to 25 million barrels of oil per day, has become a key factor driving market volatility after tanker …
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