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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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Trump's Six Words: "I'm Going to Stop the Wars"


In a recent speech, President-elect Donald Trump uttered six enigmatic words that have sent ripples across the globe: "I'm going to stop the wars." This statement has left many nations, particularly Ukraine and Israel, on edge as they try to decipher the implications of his promise.

For Ukraine, Trump's words have sparked concerns about the future of U.S. support in their ongoing conflict with Russia. Ukrainian officials are wary of any potential shifts in American foreign policy that could affect their defense strategies and overall security.

In Israel, the reaction has been mixed. While some see Trump's statement as a potential end to ongoing conflicts, others worry about the broader implications for regional stability. Israeli leaders are particularly interested in how this promise might influence U.S. involvement in the Middle East and its support for Israel's security measures.

As the world watches closely, the true meaning behind Trump's words remains to be seen. Will his administration bring about a new era of peace, or will these six words lead to unforeseen consequences on the global stage?

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