Gas prices inched up a few cents overnight in Canada as the North American oil market reacts to escalating tensions in the Middle East, where the U.S. and Israel launched a joint attack on Iran Saturday that threatens to destabilize the rest of the region.
If you’re filling up a gas tank this week, higher gas prices could last as long as the conflict continues to disrupt oil tankers from accessing the Strait of Hormuz, one of the world’s busiest and most important naval shipping routes, according to experts.
