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Business Brief: Inside the major project machine
Prime Minister Mark Carney, Minister of Housing and Infrastructure Gregor Robertson, left, and CEO of the Major Projects Office Dawn Farrell, right, during an announcement at Skeena Substation in Terrace, B.C., on Nov. 13, 2025.
Iran and U.S. make competing claims over control of Strait of Hormuz
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 6.
Ukraine’s drones hit major Russian refinery deep inside Russia
This image provided by Vantor shows smoke in an overview of port infrastructure in Novorossiysk, Russia, Wednesday, Aug. 12, 2026. (Satellite image ©2026 Vantor via AP)
Are global oil reserves big enough to weather another six months of U.S.-Iran war?
FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File)
Top U.S. refiners boost rewards for shareholders as profits soar
FILE PHOTO: A drone view shows the Valero Houston Refinery in Pasadena outside of Houston, Texas, U.S., May 12, 2026. REUTERS/Shahrzad Rasekh/File Photo
U.S. crude inventories rise by most in 3.5 years as exports slump, surprising energy traders
(FILES) This general view shows storage tanks at the Lavera oil refinery in Martigues, southern France on March 17, 2026. Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the Mideast war, the International Energy Agency said June 17, 2026. (Photo by Elodie CLEMENT / AFP via Getty Images)
U.S. and Iran close to ‘some sort’ of deal, Pakistan says, despite attacks on shipping
A sculpture overlooking the Strait of Hormuz is seen along the seafront in the port city of Bandar Abbas, in southern Iran on August 10, 2026. The US President signalled on August 9 that he was prepared to let economic pressure mount against Iran, apparently backing away from more military strikes after Tehran issued a list of demands for opening the Strait of Hormuz. His remarks came after Iran issued over the weekend a list of conditions to reopen the Strait of Hormuz, which has remained largely closed since the start of the Middle East war in late February. (Photo by Atta KENARE / AFP via Getty Images) /
opinion
Trump keeps bidding for the war to end. Iran keeps raising its price
Tony Keller

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