tioo Business
Global oil prices continue to soar, impacting costs for Canadians



Several large cargo ships and tankers are positioned in a body of blue water. One red tanker is docked in the foreground, while others are seen at a distance under a clear, hazy sky. A tall light pole stands on the pier.

The price of crude oil continues to rise amid the U.S.-Israel war with Iran and the closure of the Strait of Hormuz, increasing costs at home for Canadians.