The Canadian Index

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Line chart of WTI crude oil front-month daily closes from July 1 to October 14, 2026, with two price assumptions marked.

Oil carries a risk premium tied to the near-closure of the Strait of Hormuz, where IMF PortWatch recorded 2 transits on October 11 against a baseline of 85 a day. Canadian producers collect that premium, with operating profits up 68% from the first to the second quarter of 2026. The dashed lines mark Deloitte's average WTI assumptions of US$90 for 2026 and US$76.50 for 2027.

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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Chart tracking same-day percentage moves across twelve asset classes, including energy stocks and gold, following a July 2026 tanker attack in Hormuz.

The moves followed an attack on tankers in the Strait of Hormuz, a revoked U.S.

The Chain From a Tanker Attack in Hormuz to a Four Percent Day for TSX Energy Stocks

July 9, 2026

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Line chart showing WTI crude oil up 25 percent since mid-August as the Hormuz tanker war escalated.

WTI crude has climbed 25 per cent since mid-August as a tanker war in the Strait of Hormuz escalated, with US strikes on Iranian vessels…

The Tanker War in the Strait of Hormuz Just Repriced Every Canadian Energy Position

September 11, 2026

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Line chart showing WTI crude oil up 25 percent in three weeks after a Saudi pipeline strike.

WTI crude has climbed 25 per cent in three weeks after drone strikes shut down Saudi Arabia's East-West pipeline, a route that had carried…

Iran Closed the Strait of Hormuz. This Week, Militias Closed the Detour Around It.

September 15, 2026

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Line chart showing Brent crude oil prices falling below $87 after five consecutive sessions of gains.

Brent crude fell 2.18% to $87.04 Thursday, snapping a five session winning streak that had carried it from $79.36 on August 4 to a high of $88.98 on August 12.

Oil Fell This Week. The Hormuz Rhetoric Didn't.

August 14, 2026

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Line chart showing Brent crude oil's daily closing price reversing higher in early August 2026.

Iran's foreign minister set new preconditions for reopening the Strait of Hormuz, demanding sanctions relief and war reparations before any deal takes effect.

Iran Just Told the Market What the June MOU Actually Requires. The Market Priced Something Else.

August 10, 2026

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Bar chart comparing trailing one-month price moves in oil, gold and TSX stocks as of July 24, 2026.

The move followed Houthi strikes on two Saudi oil tankers in the Red Sea, opening a shipping corridor disruption separate from the ongoing Strait of Hormuz standoff.

The Houthis Just Opened a Second Chokepoint. Markets Are Not Pricing It Yet.

July 24, 2026

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