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How the Strait of Hormuz Crisis Is Hitting Your Wallet Right Now

Published May 17, 2026  |  Category: Oil Prices & Energy  |  By MoneySavings.ca If you've winced lately at the gas pump or noticed your grocery bill creeping up, you're not imagining it. A geopolitical crisis unfolding halfway around the world — at a narrow strip of water between Iran and Oman — is directly squeezing Canadian budgets. Here's everything you need to know, and what you can do about it. What Is the Strait of Hormuz? The Strait of Hormuz is a narrow waterway just 33 kilometres wide at its tightest point, connecting the Persian Gulf to the open ocean. Despite its modest size, it is the world's single most critical energy chokepoint. Before this crisis, roughly 20 million barrels of oil moved through it every single day — about 20% of all the world's seaborne oil supply, plus significant volumes of liquefied natural gas (LNG). Think of it as the world's energy jugular vein. When it gets blocked, the entire planet feels it. What Happened? On Februa...
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Investigation Continues in Trump Assassination Attempt Case

 

After conducting over 100 interviews, searching the suspect’s home and vehicle, and gaining access to his cellphone, FBI investigators are still searching for the motive behind the 20-year-old Pennsylvania man’s attempt to assassinate former President Donald Trump. 

The Pennsylvania State Police clarified that they were not responsible for securing the area where the gunman opened fire from a rooftop during a campaign rally in Butler Township, Pennsylvania. The FBI is investigating whether the shooter was a politically motivated domestic violent extremist, and they continue to analyze his electronic devices.

Additionally, the Department of Homeland Security has warned about the potential for “follow-on” or “retaliatory” acts in response to this assassination attempt. The investigation is ongoing, and authorities are focusing on understanding what drove the suspect to commit such a brazen act.

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