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Line chart showing Brent crude oil prices climbing sharply over three weeks amid Middle East supply disruption.

Strikes intercepted near Kuwait have widened the conflict zone along a waterway that normally carries about one-fifth of global oil exports, with vessel crossings through the Strait of Hormuz falling to roughly five a day from a typical range of 16 to 25. The move connects directly to Canadian portfolios through the TSX energy sub-index, where Canadian Natural Resources and Suncor have been among the most actively traded names this week. Oil has now held above $94 for four straight sessions rather than reversing, a pattern that shifts this from a fading spike toward a sustained repricing.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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