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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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Biden's Debate Performance: A Missed Opportunity

 

Joe Biden’s debate performance has been a topic of concern for Democrats. During the recent debate, he stumbled and struggled to defend his record. 

His hoarse voice and incorrect statements raised alarm bells among his supporters.  Some even called for an open convention, questioning whether he’s the right candidate to face Donald Trump in the upcoming election. 

While Biden did recover somewhat during the debate, the initial impression left Democrats worried about his ability to lead the party forward. It’s a critical moment as voters tune in, and first impressions matter. Let’s see how this unfolds in the coming months. 

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