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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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Israel Accused of Using White Phosphorus on Residential Buildings in Lebanon

 

A global human rights group has accused Israel of using white phosphorus incendiary shells on residential buildings in at least five towns and villages in conflict-hit southern Lebanon. The report, published by Human Rights Watch (HRW), raises concerns about potential harm to civilians and violations of international law.

White phosphorus is a controversial substance that can set buildings on fire and burn human flesh down to the bone. Survivors face risks of infections and organ or respiratory failure, even from small burns. While Israel maintains that it uses white phosphorus only as a smokescreen and not to target civilians, the evidence suggests otherwise.

The HRW report includes interviews with residents in conflict-hit southern Lebanon and verifies images showing white phosphorus shells landing on residential buildings. The Lebanese Health Ministry reports that at least 173 people have required medical care after exposure to white phosphorus.

This recent use of white phosphorus in Lebanon should prompt other countries to take action. HRW calls on the Lebanese government to allow the International Criminal Court to investigate and prosecute “grave international crimes” within Lebanon since October 2023.


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