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U.S.–Iran Strikes Escalate: What It Means for Your Gas Bill and Savings

  ⚡ BREAKING · MAY 8, 2026 By MoneySavings.ca Editorial Team   |  May 8, 2026  |  5 min read The Strait of Hormuz, photographed from space. Approximately 20% of the world's oil supply passes through this narrow waterway. (Image: NASA / Public Domain) American warships were attacked in the Strait of Hormuz on May 7, 2026 — and the U.S. military fired back hard, striking Iranian ports at Qeshm and Bandar Abbas. For Canadians, this isn't just a distant war story. It's a pocketbook issue. 20% of global oil transits the Strait of Hormuz every day $94 projected WTI crude price per barrel if closure continues (CEPR, 2026) 5% of normal shipping traffic still moving through the Strait What Happened — and When The crisis didn't begin overnight. On February 28, 2026, the United States and Israel launched coordinated strikes against Iran, targeting nuclear infrastructure and senior military leadership — including Supreme Leader Ali Khamenei, who was killed in the strik...
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Jimmy Carter: A Legacy of Peace and Service

 

Former U.S. President Jimmy Carter, a Nobel Peace Prize laureate and a beacon of humanitarian efforts, passed away peacefully at the age of 100 in Plains, Georgia. Carter, who served as the 39th President of the United States from 1977 to 1981, was known for his unwavering commitment to human rights, peace, and public service.

Carter's post-presidential years were marked by his dedication to improving global health, promoting democracy, and building homes for the homeless through his work with Habitat for Humanity. His efforts earned him respect and admiration worldwide, and he remained an active advocate for peace and human rights until his final days.

President Joe Biden and First Lady Jill Biden expressed their condolences, describing Carter as an extraordinary leader whose life was guided by compassion and moral clarity. World leaders and ordinary citizens alike have mourned his loss, reflecting on his enduring impact on the world.

Carter's legacy is a testament to the power of service and the impact one individual can have on the lives of millions. His memory will continue to inspire future generations to strive for a more just and compassionate world.


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