Cbc News Alberta
Cbc News Alberta
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Oil analysts say there's still uncertainty ahead

Posted

April 18, 2026

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Iran has declared the Strait of Hormuz open. It’s estimated the conflict removed 500 million barrels of oil from the global market, and ramping production back up will take time. While some analysts say the conflict could bolster Canada’s reputation as a reliable energy provider, they still see significant uncertainty ahead.

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Oil analysts say there's still uncertainty ahead · Cbc News Alberta · Sentinel