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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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Hostage Deal Breakthrough Amidst Mourning in Israel

In a significant development, mediators have successfully brokered a breakthrough in the Gaza hostage deal, bringing hope amidst the ongoing conflict. The agreement comes as Israel mourns the tragic loss of the Bibas family, who were among the youngest hostages seized during the October 7, 2023, attack by Hamas militants.

The deal, finalized in Cairo, involves the release of hundreds of Palestinian prisoners in exchange for the bodies of Israeli hostages. This breakthrough is expected to ease tensions and maintain the fragile ceasefire between Israel and Hamas. The agreement was reached just as a funeral procession for Shiri Bibas and her two young sons, Ariel and Kfir, took place in Rishon LeZion, Israel.

The Bibas family, who were kidnapped from their home in Kibbutz Nir Oz, have become a symbol of the trauma suffered by Israel during the conflict. Thousands of mourners gathered to pay their respects, carrying Israeli flags and orange balloons, a new symbol of mourning for the hostages.

The ceasefire deal, brokered by Egyptian and Qatari mediators, includes the release of 33 Israeli hostages and around 1,900 Palestinian prisoners in its first phase. The second phase is expected to involve the release of the remaining hostages and a complete Israeli withdrawal from Gaza.

As the world watches, the hope is that this breakthrough will pave the way for lasting peace and the swift return of all remaining hostages.





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