March 10, 2026
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6:15
9:49Now PlayingOil and gas prices are rapidly rising around the world amid the U.S.-Israel war with Iran. Andrew Chang explains what's driving the surge and why predicting the next moves in the oil market is so difficult.
CORRECTION (March 11, 2026): At 2:36 in this video, the graphic incorrectly states Iran holds 298 billion barrels of oil reserves. The correct number is 209 billion.
Intro - 00:00
The ‘Strait’ math - 02:17
The price of everything - 05:44
CORRECTION (March 11, 2026): At 2:36 in this video, the graphic incorrectly states Iran holds 298 billion barrels of oil reserves. The correct number is 209 billion.
Images provided by The Canadian Press, Reuters and Getty Images
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