15:10:49 EDT Tue 14 Apr 2026
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Tourmaline Oil Corp
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Shares Issued 387,140,463
Close 2026-04-13 C$ 61.54
Market Cap C$ 23,824,624,093
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Globe says Cenovus, rivals see strait fully blocked

2026-04-14 08:01 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Tuesday, April 14, edition that amid a barrage of violent talk, the Strait of Hormuz is now fully blocked, with Iran and the United States facing off in mirror-image military threats. The Globe's Doug Saunders writes that after dawn broke Monday, a handful of vessels slipped through the narrow passage between Oman and Iran: a Chinese freighter, a Vietnamese ship and two Iran-linked oil tankers. Then, as U.S. President Donald Trump issued threats on social media, the strait went dead. For the first time since the U.S.-Israeli war on Iran began on Feb. 28, neither Iran-linked ships nor vessels from Gulf Arab countries were approaching the strait from the Persian Gulf. The standoff, occurring in the wake of failed peace negotiations between the U.S. and Iran in Islamabad over the weekend, effectively pits Mr. Trump against Iran's regime in an economic endurance test. If it continues, it will have even more devastating effects on worldwide prices and supplies of oil, gas and fertilizer. That does not seem to have been Mr. Trump's intention -- he appears to believe he can reopen the strait by adding another barrier to Iran's weeks-long blockade.

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