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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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The journey of a thousand miles begins with a single step," by Lao Tzu


This quote is attributed to Lao Tzu, a legendary Chinese philosopher and founder of Taoism. It means that any great achievement starts with a small action, and that we should not be afraid to take the first step towards our goals.

Here are some comments on this quote:

- It is a simple but powerful reminder that we can achieve anything if we are willing to start and persist.

- It encourages us to overcome procrastination and fear of failure, and to take action towards our dreams.

- It also implies that the journey itself is valuable, not just the destination, and that we should enjoy the process of learning and growing along the way.

In summary, Lao Tzu's quote is a powerful reminder that any substantial achievement begins with a small, but determined, first step. It encourages us to have faith in the process, be persistent, and focus on what we can do in the present moment to work towards our long-term goals.

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