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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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Tragedy in Gaza: Israeli Airstrike Hits School, Killing 30 Including Children

 

In a devastating incident on Saturday, an Israeli airstrike targeted a school in Deir al-Balah, Gaza, which was being used as a shelter by displaced Palestinians. The attack resulted in the deaths of at least 30 people, including several children.

The school, which housed thousands of people seeking refuge from ongoing conflict, was struck amidst escalating tensions. According to Gaza’s Health Ministry, the victims included seven children and seven women. The injured were rushed to Al Aqsa Hospital, where the scene was described as chaotic and heart-wrenching.

Israel’s military stated that the strike aimed at a Hamas command center allegedly used for storing weapons and planning attacks. However, Palestinian officials and humanitarian organizations have condemned the attack, highlighting the severe impact on civilians.

This tragic event has intensified calls for a ceasefire, with international mediators from the U.S., Egypt, Qatar, and Israel scheduled to meet in Italy to discuss potential resolutions. The ongoing conflict continues to take a heavy toll on the civilian population, with urgent appeals for peace and humanitarian aid growing louder.


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