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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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In a heart-wrenching incident that has shaken the city of Ottawa, six individuals, including four children, were found deceased in a home on Wednesday night. The Ottawa Police Service has confirmed that their homicide unit is actively investigating the case. Among the victims was an infant, tragically just months old, marking a profound loss for the community and the nation at large.

The incident occurred in the Barrhaven suburb, where authorities were called to the scene late Wednesday evening. The police have since taken one person into custody and have assured the public that there is no further threat to safety. The identities of the victims and the suspect have been released, revealing the devastating impact on a family new to Canada from Sri Lanka.

This senseless act has prompted an outpouring of grief and support from across the country, as Canadians come together to mourn the loss and extend their sympathies to those affected. The investigation continues, with more details expected to be shared by the authorities as they become available.

As the community grapples with this tragedy, questions arise about the circumstances that led to such a devastating outcome. The nation watches, waits, and hopes for answers, while holding the memories of the young lives lost in solemn remembrance.

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