Canadian Energy Stocks up as Middle East Flare up Lifts Oil

Dow Jones07-23

1117 ET - Canadian energy companies are among the top gainers on Toronto's indexes as oil surges back higher, with Brent crude reaching $100 a barrel before easing amid renewed Middle East tensions flaring up. Crude jumped after Tehran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea, threatening another key shipping route and reviving fears of a broader return to confrontation with Iran. Canada's energy companies have already benefited from higher prices and renewed investor interest during the early weeks of the conflict as limited movement in the key shipping lane of the Strait of Hormuz threatened global supplies. Among the top gainers in the session are Vermilion Energy, Athabasca Oil, Cenovus and Suncor. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 23, 2026 11:17 ET (15:17 GMT)

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