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5 Things to Know Today: Oil Tops $108, CPI Day, and the Investment Summit Kicks Off

  Monday, September 14, 2026 A busy Monday for your wallet: oil has punched through $108 a barrel on a second Middle East supply shock, Statistics Canada's August inflation report lands this morning, and Toronto is hosting the country's first-ever Investment Summit. Here's what's moving and what it means for you. 1. Oil jumps to a 4-month high after Saudi pipeline shutdown Brent crude touched roughly $108 a barrel and WTI neared $103 on Monday after Saudi Arabia shut down its East-West pipeline — a 7-million-barrel-a-day route that bypasses the Strait of Hormuz — following drone strikes near Medina. A planned Oman meeting between Iran and Gulf states to de-escalate Hormuz shipping tensions was also postponed over the weekend, removing a near-term path to calm. Both benchmarks are now up roughly 9% over the past week alone, and some bank forecasts flag $120 oil as back on the table if disruptions persist. What it means for you: Pump prices, which had been easing thanks ...

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Tragic Midair Collision Near DC: Passenger Jet and Army Helicopter Crash

A devastating midair collision occurred near Ronald Reagan National Airport on Wednesday evening, resulting in a tragic crash into the Potomac River. The incident involved an American Airlines passenger jet, Flight 5342, carrying 60 passengers and four crew members, and a U.S. Army Black Hawk helicopter on a training exercise.

The crash took place around 9 p.m. ET, just over 3 miles south of the White House and the U.S. Capitol. According to the Federal Aviation Administration (FAA), the collision happened moments before the jet was scheduled to land. Air traffic controllers had cleared the jet to land on a shorter runway, and the pilots agreed to the new approach. However, less than 30 seconds before the crash, an air traffic controller asked the helicopter if it had the arriving plane in sight. There was no response, and seconds later, the two aircraft collided.

Emergency response teams launched a massive search-and-rescue operation, deploying inflatable boats and helicopters to search for survivors. Unfortunately, multiple fatalities were reported, though an official death toll has not yet been released. Among the passengers on the jet were Russian figure skaters Evgenia Shishkova and Vadim Naumov, who were returning from the 2025 U.S. Figure Skating Championships in Wichita, Kansas.

The investigation into the crash is ongoing, with authorities focusing on the final moments before the collision and the communication between the aircraft and air traffic controllers. The FAA and the Army have launched a joint investigation to determine the cause of the accident and to prevent similar incidents in the future.

The crash has raised concerns about the congested airspace over Washington, D.C., and the need for improved coordination between civilian and military aircraft. Transportation Secretary Sean Duffy announced that the FAA would review flight paths to ensure adequate separation between different types of aircraft.

As the investigation continues, the nation mourns the loss of lives and hopes for answers that will prevent such tragedies in the future.




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