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CommodityNorth America

Alberta Premier Rejects Using Oil as Leverage Against Trump

Aug 28, 2026

Alberta Premier Danielle Smith on Thursday, 5 Shahrivar 1405 (August 27, 2026), rejected the idea of imposing export taxes on the Canadian province's crude oil exports to the United States in retaliation for the Trump administration's tariffs. According to Oilprice.com, citing Global News, she called the move potentially the most disastrous policy decision for Canada's economy.

Smith said such a step could trigger a disproportionate US tariff response and warned Washington could in turn cut off gasoline and diesel exports to Ontario and Quebec. Alberta exports about 4 million barrels of crude oil a day to the United States, worth roughly $80 billion last year.

Source

Oilprice.com, citing گلوبال‌نیوز

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CENTCOM Says US Destroyed One Iranian Tanker, Disabled Two Others in Response to Missile Fire at US Warships

US Central Command (CENTCOM) said on Saturday, September 5, 2026 (14 Shahrivar 1405), that American forces struck three Iranian oil tankers in the Gulf of Oman and near Kharg Island, destroying one outright and disabling two others. CENTCOM described the strikes as a response to ballistic missiles it said Iran's Islamic Revolutionary Guard Corps (IRGC) fired at a US aircraft carrier and a guided missile destroyer in regional waters, claiming both American vessels evaded the attack with no casualties. This account comes from CENTCOM alone; Iran's side had not issued an official statement on the alleged missile launch at US warships at the time of writing. CENTCOM commander Admiral Brad Cooper said in a statement: "Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost, taking out three of yours." According to Al Jazeera, the US described the tankers as part of a multibillion dollar network financing the IRGC and its regional proxies. Al Jazeera also reported that the six month old conflict has killed 18 US service members so far, and that negotiations to end it have collapsed. Iran's free market dollar rate in Tehran topped 227,000 tomans as the news spread today, while the Tehran Stock Exchange's main index (TEDPIX) rose more than 1.5 percent.

Al Jazeera · Sep 5, 2026

Commodity

Iranian Tanker Near Kharg Island Struck by 4 US Projectiles

According to Tasnim, carried by Donya-e-Eqtesad, a small Iranian tanker was struck by a US military missile attack near Kharg Island's anchorage, about six miles from the island, on the morning of Saturday, September 5, 2026 (14 Shahrivar 1405). Per the report, the vessel was hit by 4 projectiles fired by US forces, and several explosions were heard from the direction of the Persian Gulf and Kharg Island shortly before the report was published. Local sources said the incident caused no casualties and that the tanker's crew were evacuating the vessel. Daneshjoo News Agency, carried by Khabaronline, confirmed the incident by publishing images of the struck tanker and of Kharg Island's condition afterward. Kharg Island is Iran's main crude oil export terminal, and prior reports estimate roughly 90 percent of the country's crude exports are loaded there, so any incident in the area can affect oil and currency markets. Further details on the extent of damage have not yet been released by responsible authorities.

Tasnim, citing Tasnim, via Donya-e-Eqtesad · Sep 5, 2026

CommodityNorth America

Average US Diesel Price Hits Record High Amid Escalating Tension in West Asia

According to Ecoiran, citing ISNA, amid intensifying disruption to global energy supply following renewed fighting in West Asia and the ongoing war in Ukraine, the average US diesel price hit a record high of 5.85 dollars a gallon on Friday, September 4, 2026 (13 Shahrivar 1405), based on data from the American Automobile Association (AAA). Per the report, given a sharp decline in diesel inventories, prices could rise further in the coming days, particularly as US farm states enter their harvest and planting season and demand for diesel increases.

Ecoiran, citing ISNA · Sep 5, 2026

Commodity

Agriculture Ministry Exempts 24 Products Including Shrimp and Cucumber From Export Ban

According to Boursenews, the Agriculture Ministry's Trade Development Deputy sent the 17th list of tariff codes exempted from Iran's agricultural export ban to the Trade Development Organization, based on a letter dated 9 Shahrivar 1405 (August 31, 2026). Under the letter, 24 tariff codes covering chapters one through 24 of the export and import regulations book, including various fish and fish fillets, tilapia, shrimp, chicory, cucumber, asparagus, eggplant, various melons, palm fruit pits, rock candy, yufka bread, pizza and cold sauces, were removed from the export ban list. Following the letter, the Trade Development Organization's export and import regulations office notified Iran's Customs Administration of the list so that exports of these items would be permitted until further notice. This is the 17th such list issued as part of ongoing correspondence on exceptions to the agricultural export ban.

Boursenews · Sep 5, 2026