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How the Strait of Hormuz Crisis Is Hitting Your Wallet Right Now

Published May 17, 2026  |  Category: Oil Prices & Energy  |  By MoneySavings.ca If you've winced lately at the gas pump or noticed your grocery bill creeping up, you're not imagining it. A geopolitical crisis unfolding halfway around the world — at a narrow strip of water between Iran and Oman — is directly squeezing Canadian budgets. Here's everything you need to know, and what you can do about it. What Is the Strait of Hormuz? The Strait of Hormuz is a narrow waterway just 33 kilometres wide at its tightest point, connecting the Persian Gulf to the open ocean. Despite its modest size, it is the world's single most critical energy chokepoint. Before this crisis, roughly 20 million barrels of oil moved through it every single day — about 20% of all the world's seaborne oil supply, plus significant volumes of liquefied natural gas (LNG). Think of it as the world's energy jugular vein. When it gets blocked, the entire planet feels it. What Happened? On Februa...
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Harris and Trump Neck-and-Neck as Election Day Approaches

 


With just days remaining until the 2024 U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is incredibly tight. Recent polls indicate a virtual tie, with both candidates vying for crucial swing states that could determine the outcome.

In Pennsylvania, a CNN poll conducted by SSRS shows the race is tied, while a Quinnipiac University poll gives Trump a slight edge. Nationally, the latest TIPP Tracking Poll also shows both candidates at 48% support. Harris maintains a narrow lead in Michigan and Wisconsin, according to CNN polls.

Both candidates are making their final appeals to voters in key battleground states. Harris is focusing on economic issues and job creation, while Trump is emphasizing his stance on immigration and appealing to religious voters. Early voting numbers have reached unprecedented levels, with millions of Americans already casting their ballots.

As Election Day approaches, the outcome remains uncertain, with both campaigns working tirelessly to secure a victory on November 5.

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