10:48:29 EDT Mon 22 Jun 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-06-19 C$ 158.20
Market Cap C$ 76,504,367,513
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Globe/NYT say CNRL, rivals hear Hormuz facing new chaos

2026-06-22 08:47 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Saturday edition that shipowners and operators looking to leave the Persian Gulf after over three months faced new chaos and confusion on Friday, capping a week of tumultuous developments in the war in Iran. A New York Times dispatch to The Globe reports that the preliminary agreement signed by the presidents of the United States and Iran commenced a 60-day negotiation period. Iran committed to reopening the strait, while the U.S. military announced it lifted a blockade on Iranian ships. But on Friday, the next phase of talks were postponed, and Israel said it targeted Hezbollah militants after four of its soldiers were killed in Lebanon. A ceasefire was reached by Israel and Hezbollah later in the day. Within Iran, opposition surfaced to the U.S.-Iran agreement with a news agency linked to Iran's Revolutionary Guard calling in an editorial for the Strait of Hormuz to be closed. Oil prices, after falling sharply this week, wavered. At least 25 ships, including 14 tankers, passed through the Strait of Hormuz on Thursday, indicating increased confidence among operators. Traffic was still far below typical levels before the war, when about 130 vessels a day moved through the strait.

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