Canada News

GCBC Team·January 7, 2026

How the Market Crashed 42% in One Year

Daily Tracker

Oil Crisis Monitor

Updated: Oct 24, 2026 — 4:17 AM MT

Strait of Hormuz

237

Days

Day 237 — Brent at six-month high; tanker struck off Oman. The strait remains closed.

Day 237: Brent settles at a six-month high; UKMTO logs a tanker struck off Oman and the IRGC says two more supertankers hit mines.

Brent Crude

+59.6% since closure

$116.72

/bbl

Today: +$3.55 (+3.1%)

U.S. Gas Avg

+43.2% since closure

$4.30

/gal

Today: unchanged

WTI Crude

+49.7% since closure

$103.27

/bbl

Today: +$3.80 (+3.8%)

IMF PortWatch weekly Hormuz transit update

3 days

Oct 27

USMCA Tariffs

25% IEEPA + 232 duties
IN EFFECT

206

Day

2026 SAAR Forecast

16.1–16.8M

▼ 16.8M
prev. forecast

Public agencies & commodity exchanges

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