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Manitoba Premier Blames Iran War for Rising Gas Prices

3/25/2026

30 5 Full Breakdown

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Kinew Blames War

Wab Kinew, Manitoba Premier, said the Iran war is increasing Canada's living costs during a budget announcement.
He noted Winnipeg gas prices rose from $1.07 to $1.73 per litre, attributing the jump to the conflict.
Kinew criticized U.S. President Donald Trump for the price rise and urged an end to the war.
Americans express concern about higher gas prices, viewing the conflict as unnecessary and with unclear objectives.

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Michigan Gas Prices Rise

Gas prices in Michigan averaged $3.95, up 33 cents from last week and over $1 from a month ago.
The rise aligns with escalating U.S.-Iran hostilities and seasonal fuel blend transitions.
Economist Charles Ballard says the conflict raises costs in agriculture and home heating as crude prices lift fertilizer and jet fuel.
The U.S. economy faces weak job reports, and observers anticipate long-term effects on oil production and shipping.

History

Historical Context

The Iran Hostage Crisis began on November 4, 1979, when Iranian students seized the U.S. Embassy in Tehran, holding 52 Americans hostage for 444 days. This event triggered a 50% surge in oil prices, significantly impacting global economies. Today, rising gas prices in North America reflect ongoing geopolitical tensions and supply disruptions stemming from conflicts in the Middle East, echoing the economic strain of the 1979 crisis.

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Kinew Blames War

Wab Kinew, Manitoba Premier, said the Iran war is increasing Canada's living costs during a budget announcement.
He noted Winnipeg gas prices rose from $1.07 to $1.73 per litre, attributing the jump to the conflict.
Kinew criticized U.S. President Donald Trump for the price rise and urged an end to the war.
Americans express concern about higher gas prices, viewing the conflict as unnecessary and with unclear objectives.

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