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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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Mpox Emerges as Global Health Crisis: Africa Declares Emergency

 

In a concerning development, the World Health Organization (WHO) has declared mpox a public health emergency of international concern for the second time. This decision comes on the heels of a similar continental emergency declaration by African health officials. The virus, known for causing painful, pus-filled lesions and severe illness, first gained global attention in 2022. Although case counts cooled down after widespread vaccination efforts, this year presents a more grim situation.

Across 18 African nations, thousands of infections have been reported, with a highly-transmissible variant spreading beyond the borders of the Democratic Republic of Congo (DRC). Even vulnerable newborns are falling ill in overcrowded hospitals. The lack of necessary vaccines and therapeutics in hotspots exacerbates the crisis. Year-to-date, Africa has seen over 15,000 mpox cases and nearly 500 deaths, representing a 160% increase compared to 2023.

Toronto, too, faces a resurgence of mpox cases. Officials urgently advise at-risk residents to get vaccinated. Africa’s Centers for Disease Control and Prevention (Africa CDC) estimates a need for 10 million mpox vaccine doses, but the continent has procured only 200,000 doses so far. Coordinated international efforts are crucial to halt these outbreaks and save lives.

Stay informed, stay vigilant, and prioritize vaccination to combat this global health crisis.


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