Global News
🏢 Corus Entertainment
Oct 26, 2026
· 5 min read
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How the war in Iran could impact your home heating oil bill this winter
Original article ↗Key figures
Heating oil is similar in composition to diesel fuel, the price of which has hit records above US$6.50 per gallon following disruptions in the Middle East caused by the Iran war.
Since the start of the war, heating oil prices have jumped 42 per cent in most of the country.
Average retail price for furnace oil in Canada was just under $2.50 per litre on Tuesday, according to Natural Resources Canada, a sharp jump from the $1.76 just before the Iran war began and almost a full dollar higher than the $1.56 per litre seen in January.
3:13 G7 to release 100 million barrels of oil reserves as diesel prices surge Stick to the Facts Add Global News as a Preferred Source on Google to see more of our stories in your search results.
As of 2022, 305,900 homes in Atlantic Canada used oil to heat their homes, according to Environment and Climate Change Canada.
Quoted verbatim from the article — not summarised.
B.I.A.S. ANALYSIS
CENTER RIGHT
Signal breakdown
Heuristic (v1/v3)
-0.20 · CENTER
ML v2 (DistilBERT)
0.296 · RIGHT
Ensemble
0.296 · CENTER RIGHT
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Rolling outlet bias
CENTER
avg -0.189
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Excerpt from Global News
CONSUMER
How the war in Iran could impact your home heating oil bill this winter
By Uday Rana Global News
Posted October 26, 2026 6:00 am
WATCH ABOVE: Trump says he "might have gone too far" in war on Iran – Oct 14, 2026
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The Iran war isn’t just making it costlier to fill up the tank of your car at the pump, it may also be making the cost of heating your home go up this fall.
Heating oil is similar in composition to diesel fuel, the price of which has hit records above US$6.50 per gallon following disruptions in the Middle East caused by the Iran war.…
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