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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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Another Winning Week for Wall Street: Records Keep Rolling In


Wall Street wrapped up yet another triumphant week, with U.S. stocks surging to new heights. The S&P 500 climbed 0.5% to 5,096.27, surpassing its own record set just last week. Meanwhile, the Nasdaq composite led the charge, boasting a remarkable gain of 0.9% to reach 38,996.39, eclipsing its previous all-time high from 2021.

Market Highlights:

  1. Dell Technologies Soars: Dell Technologies stole the spotlight, rocketing an impressive 31.6%. The company reported robust profits and revenue for the latest quarter, outperforming expectations.

  2. Tokyo’s Nikkei 225 Sets Records: Japanese stocks continued their meteoric rise, with Tokyo’s Nikkei 225 surging 1.9% to close at 39,940.00. This index recently surpassed its 1989 peak, marking a significant milestone in Japan’s financial history.

  3. Global Economic Outlook: While Japan’s unemployment rate dipped to 2.4% in January, the purchasing managers index for manufacturing activity signaled subdued demand both domestically and internationally. Investors are eagerly awaiting China’s National People’s Congress next week, where economic revitalization policies will take center stage.

  4. Asia’s Resilience: Asian markets remained resilient. Hong Kong’s Hang Seng edged up 0.3%, and China’s Shanghai Composite added 0.3%. Australia’s S&P/ASX 200 advanced 0.6%, while Korea’s market remained closed for a holiday.

  5. Wall Street’s Winning Streak: The Dow Jones Industrial Average finished just below its previous record, rising 0.1% to 38,996.39. Wall Street’s unwavering momentum continues, with the S&P 500 celebrating its 16th winning week in the last 18.

As the bull market charges ahead, investors remain cautiously optimistic. Will this winning streak persist? Only time will tell, but for now, Wall Street revels in its record-breaking achievements. 

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