Episode Details

Gas prices are about to spike as global tensions flare—after a failed 60-day ceasefire in the Persian Gulf, U.S. strikes on Iranian targets have sent shockwaves through energy markets. Energy expert Dan McTeague warns Canadians to brace for a dramatic jump: $1.69/L in Toronto by week’s end, with diesel climbing 13 cents. He argues the current oil prices are artificially low, masking an imminent supply crunch that could break soon—possibly by late July. With conflict already adding $648 in fuel costs per household this year, McTeague says the market’s “levee is going to break,” forcing a painful but inevitable price correction.

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