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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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Quick Beef Pho

 

Ingredients:

  • 1 large onion, peeled and quartered
  • 4 cups low-sodium beef broth
  • 4 cups low-sodium chicken broth
  • 2 cups water
  • 2 tablespoons fish sauce
  • 1 (2-inch) piece fresh ginger, peeled and sliced into 1/4-inch rounds
  • 1 cinnamon stick
  • 1 tablespoon sugar
  • 2 star anise pods
  • 4 whole cloves
  • 8 ounces rice noodles
  • 8 ounces beef sirloin, sliced as thinly as possible
  • Bean sprouts, cilantro, lime wedges, hoisin sauce, and sriracha sauce, for serving

Instructions:

  1. Slice one of the onion quarters as thin as possible; set aside.
  2. In a large pot, combine the remaining 3 onion quarters, beef broth, chicken broth, water, fish sauce, ginger, cinnamon, sugar, star anise, and cloves.
  3. Bring to a boil, then reduce the heat to medium-low and simmer, uncovered, for 30 minutes.
  4. Meanwhile, bring a large pot of water to a boil. Off the heat, add the noodles. Let sit, stirring regularly to prevent sticking, until the noodles are soft and pliable but still not tender, 5 to 10 minutes.
  5. Drain and rinse well with cold water. Set aside.
  6. Over a large bowl, strain the broth through a fine mesh strainer. Discard the solids and pour the clear broth back into the pot. (Alternatively, you can use a fine mesh spider to fish out the solids.)
  7. Bring the broth to a boil.
  8. Add the noodles and cook until just tender, 30 seconds to 1 minute.
  9. Using tongs or a spider, lift the noodles from the pot and divide evenly into bowls.
  10. Reduce the heat to a simmer and add the sliced beef to the broth; let simmer until no longer pink, about 1 minute.
  11. Using a slotted spoon or spider, remove the beef from the broth and divide between the bowls. Ladle the hot broth over the noodles and beef.
  12. Top each bowl with the reserved thinly sliced onions, bean sprouts, and cilantro. Pass lime wedges, hoisin sauce, and sriracha sauce at the table.


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