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How the Strait of Hormuz Crisis Is Hitting Your Wallet Right Now

Published May 17, 2026  |  Category: Oil Prices & Energy  |  By MoneySavings.ca If you've winced lately at the gas pump or noticed your grocery bill creeping up, you're not imagining it. A geopolitical crisis unfolding halfway around the world — at a narrow strip of water between Iran and Oman — is directly squeezing Canadian budgets. Here's everything you need to know, and what you can do about it. What Is the Strait of Hormuz? The Strait of Hormuz is a narrow waterway just 33 kilometres wide at its tightest point, connecting the Persian Gulf to the open ocean. Despite its modest size, it is the world's single most critical energy chokepoint. Before this crisis, roughly 20 million barrels of oil moved through it every single day — about 20% of all the world's seaborne oil supply, plus significant volumes of liquefied natural gas (LNG). Think of it as the world's energy jugular vein. When it gets blocked, the entire planet feels it. What Happened? On Februa...

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Grilled Shrimp Tacos with Avocado Salsa

 

Ingredients: 

  • 1/2 small shallot, roughly chopped
  • 1 jalapeño pepper, seeded and roughly chopped
  • 1 clove garlic, roughly chopped
  • 1 ripe avocado, diced
  • 1 small tomato, diced
  • 1/4 teaspoon salt
  • 1 tablespoon fresh lime juice
  • 2 tablespoons chopped fresh cilantro
  • 1 pound large shrimp, peeled and deveined
  • 1 tablespoon olive oil
  • 1/2 teaspoon chili powder
  • 1/4 teaspoon salt
  • 1/8 teaspoon cayenne pepper
  • 8 corn tortillas


Directions: 

  1. Begin by making the avocado salsa. Combine the shallot, jalapeño pepper, and garlic in a food processor and process until finely minced. Add the mixture to a bowl along with the avocado, tomato, salt, lime juice, and chopped cilantro. Stir to combine.

  2. Next, prepare the shrimp by combining it with the olive oil, chili powder, salt, and cayenne pepper. Toss until evenly combined.

  3. Grill the shrimp over medium heat. If you’re worried your shrimp will slip through, you can always thread them on skewers or just cook them indoors in a skillet. Either way, be careful not to overcook them — they only need a minute or two per side.

  4. Finally, heat the tortillas on the grill or in the microwave, and assemble the tacos with all the fixings.


 

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