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    Well, the US uses its control over the international financial system (via the US Dollar's place in it) to impose its own sanctions on others: companies in many countries have been told not to buy Iranian oil, lest they get access to the international banking system shut off: it's not about the US not trading with Iran, it's about the US prohibiting others to trade with Iran. aljazeera.com/news/2026/4/25/… Commented 2 days ago
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    @ESamual Already asked . About the US, but answer is roughly similar for Canada - our gas pump prices have also gone up. Commented 2 days ago
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    @ESamual Gas prices are always global. Plus, not oil is the same; the US may be a net exporter, but it imports some as well. Commented 2 days ago
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    @ESamual One important reason is that, if prices are higher elsewhere, US and Canadian companies make more money exporting oil instead of selling locally, so if a local refinery/gas station wants access they need to pay more too. This can prevented through export control laws, but so far the US doesn't seem to be interested in that, probably because it'll really piss off the oil companies currently making a lot of money. Commented 2 days ago
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    @ESamual Oil is a global commodity. It doesn't matter much for the oil prices the US pays if, say, Iranian oil is blocked specifically and the US doesn't buy from Iran. Someone else who was buying from Iran still needs oil, and they become a competitor for other sources of oil that the US does buy. This is all still true even if the US is a net exporter of oil: companies that export US oil will do well, but everyone in the US that consumes global oil (anyone who uses gasoline or diesel, for example, not to mention plastics manufacturing and other industries) sees higher prices. Commented yesterday