Source link : https://www.mondialnews.com/2026/04/03/gas-prices-could-surge-beyond-2-litre-across-canada-amid-ongoing-iran-conflict-experts-warn/
Gas prices across Canada could surge past $2 per litre as ongoing conflict involving Iran continues to disrupt global oil markets, experts warn. The protracted tensions in the Middle East are expected to tighten supply chains and drive up fuel costs, placing additional pressure on Canadian consumers already grappling with inflation. This potential increase comes amid growing concerns over the stability of international energy resources and its ripple effects on the national economy.
Gas Prices Set to Surge Across Canada Amid Prolonged Conflict in Iran
Energy analysts warn that Canadians could soon see gas prices exceeding $2 per litre as ongoing turmoil in Iran continues to disrupt global oil markets. The conflict has tightened supply chains and intensified worries over crude availability, pushing wholesale prices higher. According to industry experts, the geopolitical instability is expected to extend for months, creating sustained upward pressure on fuel costs nationwide.
Market watchers highlight several key factors contributing to the impending rise:
- Supply chain interruptions: Shipping routes through the Strait of Hormuz remain volatile, impacting approximately 20% of the world’s oil supply.
- Increased risk premiums: Investors are factoring in higher risks associated with Middle Eastern crude sources, inflating commodity prices.
- Weakened Canadian dollar: A softer loonie exacerbates the cost of imported oil, affecting pump prices directly.
Consumers are urged to…
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Author : Jackson Lee
Publish date : 2026-04-03 06:24:00
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