WATCH | How high will oil prices go? | About That | Duration 9:48 Oil and gas prices are rapidly rising around the world amid the U.S.-Israel war with Iran. Andrew Chang explains what's driving the surge and why predicting the next moves in the oil market is so difficult. That loss, primarily to Asian markets, "is kind of an air pocket" in global oil supply that will soon hit shore. Alberta Premier Danielle Smith's provincial budget projected a nearly $10-billion deficit, numbers that could improve if oil prices stay high.

Source: CBC News March 12, 2026 21:25 UTC