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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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Teen Injured After Fall from Ride at Canada’s Wonderland

 

A 17-year-old girl was taken to the hospital after falling from a ride at Canada’s Wonderland in Vaughan, Ontario. The incident occurred on Thursday afternoon when the teenager was on the “Swing of the Century” ride. 

Eyewitness accounts suggest that the fall, which happened around 2:30 p.m., was the result of a medical episode. Operators of the ride reported a “guest injury,” and park medical staff and paramedics responded promptly. The safety of guests and associates remains a top priority as an incident investigation is underway.


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