The struggle within the Center East has triggered what some say is the worst
oil and fuel
provide disruption in historical past, not simply by closure of the very important
Strait of Hormuz
, but additionally by injury to the area’s energy-producing infrastructure.
The restore invoice shall be huge, in keeping with Norway-based researcher Rystad Power, which estimates prices will run to US$25 billion and better. Cash, nonetheless, isn’t the most important downside.
Take Qatar’s Ras Laffan Industrial Metropolis which provides 20 per cent the world’s liquefied pure fuel (LNG). Missile assaults destroyed the plant’s LNG “trains,” or liquefaction models, and reduce capability by 17 per cent, triggering a power majeure.
Rystad estimates it can take 5 years to get the ability again on its ft, not as a result of the capital is missing, however as a result of there are solely three international suppliers of the fuel generators used on the plant, all three of which entered 2026 with a manufacturing backlog of two to 4 years.
“The Gulf area’s restoration shall be outlined much less by monetary capital and extra by structural constraints,” stated Audun Martinsen, Rystad’s head of provide chain analysis.
“Whereas some property could also be restored inside months, others might stay offline for years. Past the standing of the Strait of Hormuz, day by day of broken or shut-in infrastructure pushes pre-war manufacturing capability additional out of attain.”
In Bahrain, the Bapco Sitra Refinery was finishing a $7-billion modernization program when assaults destroyed newly commissioned crude distillation models. Taking this block offline simply months after manufacturing began will delay the income wanted to help the funding, stated Rystad.
To repair it worldwide contractors will seemingly must be employed at “conflict-inflated prices” and below war-risk insurance coverage.
The velocity of restoration within the UAE, Kuwait, Iraq and Saudi Arabia, which have suffered reasonable to minor disruptions, will depend upon their home engineering, procurement and development (EPC) ecosystems — “an often-underestimated variable in standard injury assessments,” stated the researchers.
Saudi Arabia was capable of quickly restart its Ras Tanura refinery this month after particles fell inside its perimeter as a result of groups have been already on web site, however different areas would possibly lack such backup.
The battle, now in its fourth week, confirmed few indicators of abating right this moment as Washington and Tehran gave conflicting accounts over the standing of talks, dimming hopes for a fast ceasefire.
With assaults persevering with throughout the area, Brent rose towards US$105 a barrel and West Texas Intermediate approached US$93, however larger costs may very well be on the horizon.
Rystad’s chief oil analyst Paola Rodriguez-Masiu stated value will increase have to this point been muted as a result of the pre-war surplus, crude-on-water and coverage barrels have offered a short lived buffer.
“That part is now ending,” he stated in a report this morning.
“That is not a market that’s tight for a few weeks, it’s a market that shall be fragile for longer.”
Enroll right here to get Posthaste delivered straight to your inbox.
Canadians made extra journeys abroad in January than they did throughout the border by automotive to the USA — a primary in information going again to 1972.
Journey to the U.S. by Canadians
was down 22 per cent from the 12 months earlier than, the thirteenth straight month of declines.
Extra Individuals, nonetheless, made the journey north, marking the primary month during which journeys to Canada exceeded 2024 ranges.
Shelly Kaushik, senior economist at BMO Capital Markets stated larger fuel costs from the Iran struggle will seemingly scale back visitors in each instructions.
“Nonetheless, even when these costs get better, it appears to be like unlikely that Canadian journey to the U.S. will normalize till the political and financial relationship really thaws,” she wrote.
- Ontario authorities tables 2026 funds
- Financial institution of Canada senior deputy governor Carolyn Rogers speaks on the Brandon Chamber of Commerce
- Earnings: BRP Inc., Allied Gold Corp., Carnival Corp.
- Meet the Canadian e-bike maker who’s redefining the manufacturing unit ground
- Wealthsimple receives regulatory approval to supply prediction markets to buyers
- Why market bets for rate of interest hikes in Canada are so excessive
Many Canadian households have spent the previous few years centered on shoring up their funds, however, regardless of their greatest efforts, international instability can rapidly undermine their sense of safety.
Though these conditions could be unsettling, they’re additionally a reminder that the strongest monetary plans embody room to adapt. Credit score counsellor Mary Castillo explains some methods to include flexibility into your present monetary strategy.
Learn extra
Curious about vitality? The subscriber-only FP West: Power Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most essential sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
might help navigate the advanced sector, from the newest traits to financing alternatives you gained’t wish to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
At this time’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? Electronic mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you might want to know — add financialpost.com to your bookmarks and join our newsletters right here
The struggle within the Center East has triggered what some say is the worst
oil and fuel
provide disruption in historical past, not simply by closure of the very important
Strait of Hormuz
, but additionally by injury to the area’s energy-producing infrastructure.
The restore invoice shall be huge, in keeping with Norway-based researcher Rystad Power, which estimates prices will run to US$25 billion and better. Cash, nonetheless, isn’t the most important downside.
Take Qatar’s Ras Laffan Industrial Metropolis which provides 20 per cent the world’s liquefied pure fuel (LNG). Missile assaults destroyed the plant’s LNG “trains,” or liquefaction models, and reduce capability by 17 per cent, triggering a power majeure.
Rystad estimates it can take 5 years to get the ability again on its ft, not as a result of the capital is missing, however as a result of there are solely three international suppliers of the fuel generators used on the plant, all three of which entered 2026 with a manufacturing backlog of two to 4 years.
“The Gulf area’s restoration shall be outlined much less by monetary capital and extra by structural constraints,” stated Audun Martinsen, Rystad’s head of provide chain analysis.
“Whereas some property could also be restored inside months, others might stay offline for years. Past the standing of the Strait of Hormuz, day by day of broken or shut-in infrastructure pushes pre-war manufacturing capability additional out of attain.”
In Bahrain, the Bapco Sitra Refinery was finishing a $7-billion modernization program when assaults destroyed newly commissioned crude distillation models. Taking this block offline simply months after manufacturing began will delay the income wanted to help the funding, stated Rystad.
To repair it worldwide contractors will seemingly must be employed at “conflict-inflated prices” and below war-risk insurance coverage.
The velocity of restoration within the UAE, Kuwait, Iraq and Saudi Arabia, which have suffered reasonable to minor disruptions, will depend upon their home engineering, procurement and development (EPC) ecosystems — “an often-underestimated variable in standard injury assessments,” stated the researchers.
Saudi Arabia was capable of quickly restart its Ras Tanura refinery this month after particles fell inside its perimeter as a result of groups have been already on web site, however different areas would possibly lack such backup.
The battle, now in its fourth week, confirmed few indicators of abating right this moment as Washington and Tehran gave conflicting accounts over the standing of talks, dimming hopes for a fast ceasefire.
With assaults persevering with throughout the area, Brent rose towards US$105 a barrel and West Texas Intermediate approached US$93, however larger costs may very well be on the horizon.
Rystad’s chief oil analyst Paola Rodriguez-Masiu stated value will increase have to this point been muted as a result of the pre-war surplus, crude-on-water and coverage barrels have offered a short lived buffer.
“That part is now ending,” he stated in a report this morning.
“That is not a market that’s tight for a few weeks, it’s a market that shall be fragile for longer.”
Enroll right here to get Posthaste delivered straight to your inbox.
Canadians made extra journeys abroad in January than they did throughout the border by automotive to the USA — a primary in information going again to 1972.
Journey to the U.S. by Canadians
was down 22 per cent from the 12 months earlier than, the thirteenth straight month of declines.
Extra Individuals, nonetheless, made the journey north, marking the primary month during which journeys to Canada exceeded 2024 ranges.
Shelly Kaushik, senior economist at BMO Capital Markets stated larger fuel costs from the Iran struggle will seemingly scale back visitors in each instructions.
“Nonetheless, even when these costs get better, it appears to be like unlikely that Canadian journey to the U.S. will normalize till the political and financial relationship really thaws,” she wrote.
- Ontario authorities tables 2026 funds
- Financial institution of Canada senior deputy governor Carolyn Rogers speaks on the Brandon Chamber of Commerce
- Earnings: BRP Inc., Allied Gold Corp., Carnival Corp.
- Meet the Canadian e-bike maker who’s redefining the manufacturing unit ground
- Wealthsimple receives regulatory approval to supply prediction markets to buyers
- Why market bets for rate of interest hikes in Canada are so excessive
Many Canadian households have spent the previous few years centered on shoring up their funds, however, regardless of their greatest efforts, international instability can rapidly undermine their sense of safety.
Though these conditions could be unsettling, they’re additionally a reminder that the strongest monetary plans embody room to adapt. Credit score counsellor Mary Castillo explains some methods to include flexibility into your present monetary strategy.
Learn extra
Curious about vitality? The subscriber-only FP West: Power Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most essential sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
might help navigate the advanced sector, from the newest traits to financing alternatives you gained’t wish to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
At this time’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? Electronic mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you might want to know — add financialpost.com to your bookmarks and join our newsletters right here
The struggle within the Center East has triggered what some say is the worst
oil and fuel
provide disruption in historical past, not simply by closure of the very important
Strait of Hormuz
, but additionally by injury to the area’s energy-producing infrastructure.
The restore invoice shall be huge, in keeping with Norway-based researcher Rystad Power, which estimates prices will run to US$25 billion and better. Cash, nonetheless, isn’t the most important downside.
Take Qatar’s Ras Laffan Industrial Metropolis which provides 20 per cent the world’s liquefied pure fuel (LNG). Missile assaults destroyed the plant’s LNG “trains,” or liquefaction models, and reduce capability by 17 per cent, triggering a power majeure.
Rystad estimates it can take 5 years to get the ability again on its ft, not as a result of the capital is missing, however as a result of there are solely three international suppliers of the fuel generators used on the plant, all three of which entered 2026 with a manufacturing backlog of two to 4 years.
“The Gulf area’s restoration shall be outlined much less by monetary capital and extra by structural constraints,” stated Audun Martinsen, Rystad’s head of provide chain analysis.
“Whereas some property could also be restored inside months, others might stay offline for years. Past the standing of the Strait of Hormuz, day by day of broken or shut-in infrastructure pushes pre-war manufacturing capability additional out of attain.”
In Bahrain, the Bapco Sitra Refinery was finishing a $7-billion modernization program when assaults destroyed newly commissioned crude distillation models. Taking this block offline simply months after manufacturing began will delay the income wanted to help the funding, stated Rystad.
To repair it worldwide contractors will seemingly must be employed at “conflict-inflated prices” and below war-risk insurance coverage.
The velocity of restoration within the UAE, Kuwait, Iraq and Saudi Arabia, which have suffered reasonable to minor disruptions, will depend upon their home engineering, procurement and development (EPC) ecosystems — “an often-underestimated variable in standard injury assessments,” stated the researchers.
Saudi Arabia was capable of quickly restart its Ras Tanura refinery this month after particles fell inside its perimeter as a result of groups have been already on web site, however different areas would possibly lack such backup.
The battle, now in its fourth week, confirmed few indicators of abating right this moment as Washington and Tehran gave conflicting accounts over the standing of talks, dimming hopes for a fast ceasefire.
With assaults persevering with throughout the area, Brent rose towards US$105 a barrel and West Texas Intermediate approached US$93, however larger costs may very well be on the horizon.
Rystad’s chief oil analyst Paola Rodriguez-Masiu stated value will increase have to this point been muted as a result of the pre-war surplus, crude-on-water and coverage barrels have offered a short lived buffer.
“That part is now ending,” he stated in a report this morning.
“That is not a market that’s tight for a few weeks, it’s a market that shall be fragile for longer.”
Enroll right here to get Posthaste delivered straight to your inbox.
Canadians made extra journeys abroad in January than they did throughout the border by automotive to the USA — a primary in information going again to 1972.
Journey to the U.S. by Canadians
was down 22 per cent from the 12 months earlier than, the thirteenth straight month of declines.
Extra Individuals, nonetheless, made the journey north, marking the primary month during which journeys to Canada exceeded 2024 ranges.
Shelly Kaushik, senior economist at BMO Capital Markets stated larger fuel costs from the Iran struggle will seemingly scale back visitors in each instructions.
“Nonetheless, even when these costs get better, it appears to be like unlikely that Canadian journey to the U.S. will normalize till the political and financial relationship really thaws,” she wrote.
- Ontario authorities tables 2026 funds
- Financial institution of Canada senior deputy governor Carolyn Rogers speaks on the Brandon Chamber of Commerce
- Earnings: BRP Inc., Allied Gold Corp., Carnival Corp.
- Meet the Canadian e-bike maker who’s redefining the manufacturing unit ground
- Wealthsimple receives regulatory approval to supply prediction markets to buyers
- Why market bets for rate of interest hikes in Canada are so excessive
Many Canadian households have spent the previous few years centered on shoring up their funds, however, regardless of their greatest efforts, international instability can rapidly undermine their sense of safety.
Though these conditions could be unsettling, they’re additionally a reminder that the strongest monetary plans embody room to adapt. Credit score counsellor Mary Castillo explains some methods to include flexibility into your present monetary strategy.
Learn extra
Curious about vitality? The subscriber-only FP West: Power Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most essential sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
might help navigate the advanced sector, from the newest traits to financing alternatives you gained’t wish to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
At this time’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? Electronic mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you might want to know — add financialpost.com to your bookmarks and join our newsletters right here
The struggle within the Center East has triggered what some say is the worst
oil and fuel
provide disruption in historical past, not simply by closure of the very important
Strait of Hormuz
, but additionally by injury to the area’s energy-producing infrastructure.
The restore invoice shall be huge, in keeping with Norway-based researcher Rystad Power, which estimates prices will run to US$25 billion and better. Cash, nonetheless, isn’t the most important downside.
Take Qatar’s Ras Laffan Industrial Metropolis which provides 20 per cent the world’s liquefied pure fuel (LNG). Missile assaults destroyed the plant’s LNG “trains,” or liquefaction models, and reduce capability by 17 per cent, triggering a power majeure.
Rystad estimates it can take 5 years to get the ability again on its ft, not as a result of the capital is missing, however as a result of there are solely three international suppliers of the fuel generators used on the plant, all three of which entered 2026 with a manufacturing backlog of two to 4 years.
“The Gulf area’s restoration shall be outlined much less by monetary capital and extra by structural constraints,” stated Audun Martinsen, Rystad’s head of provide chain analysis.
“Whereas some property could also be restored inside months, others might stay offline for years. Past the standing of the Strait of Hormuz, day by day of broken or shut-in infrastructure pushes pre-war manufacturing capability additional out of attain.”
In Bahrain, the Bapco Sitra Refinery was finishing a $7-billion modernization program when assaults destroyed newly commissioned crude distillation models. Taking this block offline simply months after manufacturing began will delay the income wanted to help the funding, stated Rystad.
To repair it worldwide contractors will seemingly must be employed at “conflict-inflated prices” and below war-risk insurance coverage.
The velocity of restoration within the UAE, Kuwait, Iraq and Saudi Arabia, which have suffered reasonable to minor disruptions, will depend upon their home engineering, procurement and development (EPC) ecosystems — “an often-underestimated variable in standard injury assessments,” stated the researchers.
Saudi Arabia was capable of quickly restart its Ras Tanura refinery this month after particles fell inside its perimeter as a result of groups have been already on web site, however different areas would possibly lack such backup.
The battle, now in its fourth week, confirmed few indicators of abating right this moment as Washington and Tehran gave conflicting accounts over the standing of talks, dimming hopes for a fast ceasefire.
With assaults persevering with throughout the area, Brent rose towards US$105 a barrel and West Texas Intermediate approached US$93, however larger costs may very well be on the horizon.
Rystad’s chief oil analyst Paola Rodriguez-Masiu stated value will increase have to this point been muted as a result of the pre-war surplus, crude-on-water and coverage barrels have offered a short lived buffer.
“That part is now ending,” he stated in a report this morning.
“That is not a market that’s tight for a few weeks, it’s a market that shall be fragile for longer.”
Enroll right here to get Posthaste delivered straight to your inbox.
Canadians made extra journeys abroad in January than they did throughout the border by automotive to the USA — a primary in information going again to 1972.
Journey to the U.S. by Canadians
was down 22 per cent from the 12 months earlier than, the thirteenth straight month of declines.
Extra Individuals, nonetheless, made the journey north, marking the primary month during which journeys to Canada exceeded 2024 ranges.
Shelly Kaushik, senior economist at BMO Capital Markets stated larger fuel costs from the Iran struggle will seemingly scale back visitors in each instructions.
“Nonetheless, even when these costs get better, it appears to be like unlikely that Canadian journey to the U.S. will normalize till the political and financial relationship really thaws,” she wrote.
- Ontario authorities tables 2026 funds
- Financial institution of Canada senior deputy governor Carolyn Rogers speaks on the Brandon Chamber of Commerce
- Earnings: BRP Inc., Allied Gold Corp., Carnival Corp.
- Meet the Canadian e-bike maker who’s redefining the manufacturing unit ground
- Wealthsimple receives regulatory approval to supply prediction markets to buyers
- Why market bets for rate of interest hikes in Canada are so excessive
Many Canadian households have spent the previous few years centered on shoring up their funds, however, regardless of their greatest efforts, international instability can rapidly undermine their sense of safety.
Though these conditions could be unsettling, they’re additionally a reminder that the strongest monetary plans embody room to adapt. Credit score counsellor Mary Castillo explains some methods to include flexibility into your present monetary strategy.
Learn extra
Curious about vitality? The subscriber-only FP West: Power Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most essential sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
might help navigate the advanced sector, from the newest traits to financing alternatives you gained’t wish to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
At this time’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? Electronic mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you might want to know — add financialpost.com to your bookmarks and join our newsletters right here
