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5 Things to Know Today — June 19, 2026

Oil eases off war-driven highs, insolvencies hit a 17-year peak, and the CUSMA clock is ticking — here's your Canadian money briefing for Thursday. 1. 🛢️ Oil Slips Below $77 — But Don't Expect a Big Break at the Pump Yet Crude oil climbed back above $77 USD per barrel this morning after planned U.S.–Iran talks in Switzerland were cancelled by the Swiss Foreign Ministry — a reminder that the ceasefire deal struck last week is far from rock-solid. That said, the broader picture is improving: WTI is on track for its steepest weekly decline in months as conditions in the Strait of Hormuz gradually normalize following the interim peace agreement. The U.S. Central Command has lifted shipping restrictions from Iranian coastal waters, and tanker traffic is slowly resuming. What it means for you: Lower crude prices will eventually filter through to Canadian gas stations, but energy analysts caution that supply chains need weeks to months to fully unwind. Brent fell back to roughly $83...
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Yemen’s Houthi Rebels Launch Missile at U.S. Warship in Gulf of Aden

 


Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile. This marks a further escalation in the biggest confrontation at sea the U.S. Navy has seen in the Middle East in decades. 

The attack on the destroyer USS Carney is the first time the Houthis directly targeted a U.S. warship since the rebels began their attacks on shipping in October. The missile was successfully shot down by USS Carney, and there were no injuries or damage reported.

The conflict in the Middle East has been escalating for years, and this recent attack is a reminder of the ongoing tensions in the region. The U.S. Navy has been involved in the Middle East for decades, and this latest attack highlights the dangers that sailors face while patrolling the region’s waters.


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