As the war in the Middle East continues, disrupting critical oil exports from the region and driving fuel costs up , FP Video looks at the effect higher oil prices could have on the Canadian energy markets, how long the disruption may last, and what it means for the Bank of Canada and

How high oil prices could impact Canada

domestic economy . Plus, how gold continues to gain amid geopolitical instability . Oil prices have surged to their highest levels in years as war in the Middle East disrupts supply. That could mean higher gas prices, more pressure on groceries and flights, and new inflation risks for Canadians, even as Alberta’s oil industry and government finances stand to benefit if high prices persist.

War feeds gold prices

Theo Yameogo, Ernst & Young’s Americas Metals and Mining leader, talks to Financial Post’s Larysa Harapyn about where the price of gold is going.

Oil markets haven’t hit crunch point yet

Rory Johnston, founder  of Commodity Context, talks about how it could take oil markets months to heal even if the Iran conflict ended tomorrow.

Bank of Canada likely to stand pat in oil crisis

Douglas Porter, chief economist at BMO Financial Group, talks about how the energy crisis unfolding in the Middle East could impact Canada’s economy.

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