Is the Oil Market Stabilizing or Getting Worse? | The Rundown

About a quarter of the world's maritime oil trade used to pass through the Strait of Hormuz. That all changed in February, with the start of the Iran war. Now we're dealing with price hikes and an uncertain future. We check in with Rory Johnston, an oil-market researcher and founder of the Commodity Context newsletter, to find out where things stand now - and what could happen next. 0:00 Intro 1:36 Ships trapped and oil flows collapse 2:10 Why prices aren’t higher 3:55 Demand destruction explained 5:29 Canada’s pipeline strategy and risks About The Rundown: The Rundown is your nightly half-hour deep dive into just one headline. With host Jeyan Jeganathan, we’ll cover everything from housing and health care to climate and AI. We’ll break down why each topic matters, who’s living it, and what’s being done to make things better – starting right here in Ontario. Slow down. Tune in. Make sense of the moment. And tell us what you think. Follow on social media: Instagram –   / therundowntvo   Facebook-   / therundowntvo   X-   / therundowntvo   Bluesky- https://bsky.app/profile/therundowntv... Subscribe to TVO Today to watch more content like this:    / @tvotoday   Listen to the podcast: https://www.tvo.org/podcasts/the-rund... Check out the rest of the TVO ecosystem TVO Docs -    / @tvo   TVO Kids -    / @tvokids   TVO Learn -    / @tvolearn   Download the TVO Today App Apple - https://apps.apple.com/ca/app/tvo-tod... Available on: Roku, Apple TV, Android TV, Samsung, LG, Amazon Fire TV Enjoying this content and want to make a meaningful impact? Consider donating today! https://support.tvo.org/site/Donation...