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BONUS: How high could oil prices go?

EPISODE · Mar 9, 2026 · 10 MIN

BONUS: How high could oil prices go?

from Cost of Living

The war in Iran and the effective closure of the Strait of Hormuz have interrupted critical oil supply chains. Now gas prices are rising. Energy analyst Rory Johnston, who writes the Substack Commodity Context, explains what an oil shock could mean for the Canadian economy, and what might happen next.

What this episode covers

The war in Iran and the effective closure of the Strait of Hormuz have interrupted critical oil supply chains. Now gas prices are rising. Energy analyst Rory Johnston, who writes the Substack Commodity Context, explains what an oil shock could mean for the Canadian economy, and what might happen next.

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BONUS: How high could oil prices go?

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This episode is 10 minutes long.

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This episode was published on March 9, 2026.

What is this episode about?

The war in Iran and the effective closure of the Strait of Hormuz have interrupted critical oil supply chains. Now gas prices are rising. Energy analyst Rory Johnston, who writes the Substack Commodity Context, explains what an oil shock could mean...

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