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Indexed line chart comparing WTI crude oil with the TSX energy sector from August 31 to September 16, 2026.

WTI crude rose sharply in early September 2026 as the Strait of Hormuz crisis continued, peaking on September 10. Canadian energy stocks gained only modestly by that day and did not peak until September 15, after crude had already started falling. The gap suggests investors treated the Hormuz premium in oil as a temporary risk rather than a lasting change, so Canadian energy shares delivered a weaker payoff than the move in crude implied.

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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