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Gas Prices Are Finally Falling in Canada — Here's How Much You're Saving and What Comes Next

After weeks of painful price spikes driven by the U.S.-Iran conflict, Canadians are finally catching a break at the pump. The national average gas price dropped to 169.1 cents per litre on Monday, April 20 — down from a peak near 198 cents — as two things happened at once: Iran reopened the Strait of Hormuz to commercial traffic, and Prime Minister Mark Carney's federal fuel excise tax suspension came into effect. National Average 169.1¢/L ▼ Down from ~198¢/L peak Gas savings (excise tax) 10¢/L off gasoline until Sept. 7 Diesel savings 4¢/L off diesel until Sept. 7 WTI Crude (current) ~$87 ▼ Down from $120 peak What just happened — and why Since the U.S.-Iran conflict began in late February, Brent crude surged more than 55%, briefly topping $120 a barrel — the largest oil supply shock in the history of global markets, according to the Interna...
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Iran to Decide on Response to Israeli Attack, Says Supreme Leader

 

In the wake of a recent Israeli airstrike on Iranian territory, Supreme Leader Ayatollah Ali Khamenei has called on Iranian officials to determine the most effective way to showcase Iran’s power in response. The attack, which occurred two nights ago, has heightened tensions between the two nations.

According to Iran’s official IRNA news agency, Khamenei emphasized the importance of a strategic and calculated response that would demonstrate Iran’s strength without escalating the conflict unnecessarily. The Supreme Leader’s directive comes as both countries navigate a complex geopolitical landscape, with regional stability hanging in the balance.

Israeli Prime Minister Benjamin Netanyahu described the airstrike as “precise and powerful,” claiming it achieved all intended objectives, including targeting Iranian defense capabilities and missile production facilities. Meanwhile, Khamenei urged Iranian officials to carefully assess the situation and respond in a manner that underscores Iran’s resilience and strategic capabilities.

The international community is closely monitoring the developments, as any significant escalation could have far-reaching implications for regional and global security.


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