Iran says it has reopened the Strait of Hormuz to commercial traffic, but a University of British Columbia economist says it could be a while before any calm returns to rattled global oil markets.
Alberta Energy Minister Brian Jean deferred to Alberta Finance Minister Nate Horner, when asked if he believes the provincial gas tax should be lifted.
There have also been growing expectations that the global energy shock and higher fuel prices due to the Iran war could prompt more drivers to want to switch to EVs.
The drop in gas prices across most Atlantic provinces on Friday won’t last because the Iran war is likely to continue disrupting supply chains and driving up costs, according to a New Brunswick-based economist.
