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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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How to Choose High-Quality Olive Oil: A Guide for Health-Conscious Shoppers

 

Olive oil, a staple of the Mediterranean diet, offers numerous health benefits. From reducing the risk of dementia and poor heart health to promoting cognitive well-being, this golden elixir has much to offer. However, not all olive oils are created equal. To ensure you’re getting the best quality, consider the following factors when selecting your olive oil:

1. Harvest and Processing

  • Opt for brands that prioritize quality from the moment of harvest. Look for oil made from gently harvested, very green olives that haven’t fully ripened. These olives contain a higher concentration of healthful components.
  • Speed matters! Choose oils that go from harvest to processing within a short timeframe. Some companies process olives within two hours, minimizing the risk of oxidation or fermentation.
  • Extra virgin olive oil is the healthiest choice. It’s cold-pressed without high heat or chemical solvents, preserving its nutrients.

2. Freshness and Storage

  • Check product labels for harvest, processing, and bottling dates. Some brands provide this information directly on the label or via QR codes.
  • Aim for bottles that take no more than three months to reach the shelf from harvest. The fresher, the better!
  • Avoid olive oil stored under bright lights or in warm conditions at the grocery store. Heat and light can degrade its quality.

3. Taste and Smell

  • High-quality olive oil should smell fruity, fresh, and slightly grassy. It should have medium to low fluidity.
  • When tasting, look for an intense, slightly bitter flavor with cough-inducing qualities. A clean, fruity taste indicates quality.
  • Ideal containers are dark glass, inox, or ceramic bottles, avoiding PVC containers.

Remember, the health benefits of olive oil come from its components, including oleic acid and polyphenols. So, choose wisely, and elevate your culinary experience with the finest olive oil! 

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