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Gas Prices Are Spiking Again — Here's How to Protect Your Wallet as the Iran Conflict Escalates

  Published July 20, 2026 If it feels like you're filling up more often for the same money lately, you're not imagining it. Oil markets jolted higher to start the week, and Canadian drivers are almost certain to see it at the pump in the next few days. What just happened Brent crude — the global benchmark that drives Canadian gas pricing — jumped nearly 4% on Monday to trade above US$90 a barrel, its highest level since mid-June, while U.S. West Texas Intermediate traded near US$84. The move came after the United States and Iran escalated hostilities over the weekend, including strikes on vessels attempting to transit the Strait of Hormuz and an attack on an oil facility in Kuwait. That strait matters enormously to your gas bill: roughly a fifth of the world's oil supply normally passes through it. When shipping through it slows or stalls, traders price in a "risk premium" almost immediately — and that shows up at Canadian pumps within days, not weeks. What it mea...
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Protesting farmers block crossings on Dutch-Belgian border

 


Farmers have blocked key road crossings on the border between Belgium and the Netherlands in their latest protest against excessive red tape and competition from cheap imports. The protests began on Thursday night on the Belgian side, with some Dutch farmers joining later. The roadblocks have caused significant traffic congestion and disrupted freight transport from the major European ports of Antwerp and Rotterdam.

The latest protest comes less than a day after Ursula von der Leyen, the President of the European Commission, met with farming groups in a bid to appease them. The farmers are protesting against the increasing regulatory burden and competition from cheap imports, which they say is making it difficult for them to make a living.

The protests have been peaceful so far, but there are concerns that they could escalate if the farmers’ demands are not met. The Belgian and Dutch authorities have urged the farmers to remove the roadblocks and engage in dialogue to resolve their grievances.


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