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Opinion: War, oil shock, debt and inflation: Four horsemen of the fall apocalypse
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. This week's U.S. inflation…
Iran push to control region's oil indicated by pipeline attack
A drone attack that closed a critical oil pipeline in Saudi Arabia shows a coordinated effort by Iran and its allies to control regional oil exports as part of Tehran's ongoing fight with the U.S., according to analysis. Drones hit the 745-mile…
The trade deficit with Canada that's upset Trump so much is due to oil the U.S. buys at a discount for the Midwest. 'It's the only oil they can use'
Canada might seem an unlikely target for a U.S. trade war. No country on Earth buys as much from the United States as its northern neighbor. For American farmers, Canada is second only to Mexico as an export market. A North American trade pact…
U.S. redirects 100 ships as Iran tensions grip key oil route
The U.S. military said it has redirected 100 commercial vessels over the past 60 days while enforcing a maritime blockade against Iran, underscoring the high-stakes security dynamic in the critical Strait of Hormuz. In a statement released…
Costco Limits Engine Oil Purchases as Prices Climb Thanks To Trump
Published: September 12th, 2026 Costco has begun limiting how much motor oil each member can buy, imposing a two-per-customer, per-week cap on its Kirkland Signature full-synthetic as prices climb alongside a shrinking global supply. Ten quarts of…
Saudi Arabia shuts down oil pipeline, blaming drones from Iraq
Saudi authorities said Friday drones launched from Iraq led to the temporary closure of a crucial oil export route used to bypass the lockdown of the strait of Hormuz. Riyadh has increased its use of the East-West pipeline, which links Abqaiq, near…
Trump has prioritized oil and minerals. Lower prices haven't followed.
President Donald Trump promised to ramp up natural resource drilling and mining as a way to create jobs and cut Americans' energy bills. His administration has acted on the pledge, but the results have mostly fallen short – in some cases…
China's 70% EV Target Deals Another Blow To Oil Demand
China aims to have electric and hybrid vehicles account for as much as 70% of all passenger car sales by 2030, in a massive transport shift set to further dent oil demand for road fuels. As of the end of last year, the share of the so-called new…
New: Key Saudi Oil Lifeline to Red Sea Shut After Drone Strikes
Things in the Middle East just seem to get more complicated by the day. In the latest development, reports indicate that drone strikes originating in Iraq are responsible for the shutdown of a major oil pipeline by Saudi Arabia. The catch? This…
Trump sees Iran war ending soon after mid-term elections, predicts oil prices will then fall sharply
Trump said he expects the Iran war to end shortly after November's mid-term elections and oil prices to fall afterward. Oil prices pulled back Friday but posted sharp weekly gains as Brent settled above $104 a barrel and WTI above $100. Regional…
Oil's roundtrip back to $100. Why China could determine what happens next
China will play a pivotal role in deciding whether oil prices sustain this week's rally and potentially test wartime highs. The U.S. crude oil price on Thursday topped $102 per barrel for its highest close since May. The futures contract surged…
Roast potatoes will be extra crunchy if you ditch oil for 1 better ingredient
You don't need oil or goose fat to make the crunchiest, crispiest roast potatoes at home The changing of the season is just around the corner, which means that roast dinner season is officially upon us. No Sunday roast is complete without all of…
Saudi Arabia's shutdown of key pipeline limits oil flow as Yemen hits back against Houthis
Saudi Arabia has closed a critical oil pipeline after it was struck by drones launched from Iraq, the latest squeeze on Middle Eastern supplies after attacks by Iran-backed Houthi rebels this week threatened to deepen the world's energy crisis. The…
'To the victor the spoils': Trump's Venezuelan oil grab
It was “a predatory move” that reeked of old-school colonialism, said Le Monde (Paris). Last week, in a typically grandiose social media post, Donald Trump announced that the US and Venezuela had struck “THE BIGGEST OIL DEAL IN…
US oil giant Chevron confirms it will expand operations in Venezuela
Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company…
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