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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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Tragedy Strikes: Israeli Airstrike on Gaza School Claims 80 Lives

 

In a devastating incident, an Israeli airstrike targeted a school-turned-shelter in Gaza City, resulting in the loss of at least 80 lives. Palestinian health authorities reported the casualties, making it one of the deadliest strikes in the ongoing 10-month conflict between Israel and Hamas. The Israeli military claimed that the strike hit a Hamas command center within the school, but evidence remains elusive. 

The Tabeen school, like many others in Gaza, had been providing refuge for displaced civilians forced to flee their homes due to the war. The tragedy unfolded during early morning prayers, catching people unaware and causing unimaginable suffering. The victims included women, children, and the elderly. 

As the world grapples with the human toll of this conflict, we must continue to seek peace and humanitarian solutions to prevent further loss of life.

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