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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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Orange Chicken

 

 Ingredients:

Chicken:

  - 2 pounds boneless, skinless chicken thighs, cut into bite-sized pieces

  - 1/2 cup cornstarch

  - Salt and pepper to taste

  - Vegetable oil for frying


Orange Sauce:

  - 1/2 cup orange juice

  - Zest of 1 orange

  - 1/4 cup soy sauce

  - 1/4 cup rice vinegar

  - 1/4 cup sugar

  - 2 tablespoons honey

  - 2 tablespoons hoisin sauce

  - 1 tablespoon cornstarch mixed with 2 tablespoons water (slurry)

  - 2 cloves garlic, minced

  - 1 teaspoon ginger, minced

  - 1 teaspoon red pepper flakes (optional for a bit of heat)


Instructions:

1.  Prepare the Chicken:

   - Season the chicken pieces with salt and pepper.

   - Dredge each piece in cornstarch, ensuring they are fully coated. Shake off any excess.


2.  Fry the Chicken:

   - Heat vegetable oil in a large skillet or wok over medium-high heat. 

   - Fry the chicken pieces in batches until golden and crispy (about 3-4 minutes per side).

   - Remove the fried chicken from the oil and place on a paper towel-lined plate to drain excess oil.


3.   Make the Orange Sauce:

   - In a separate saucepan, combine the orange juice, orange zest, soy sauce, rice vinegar, sugar, honey, hoisin sauce, garlic, and ginger.

   - Bring to a boil over medium heat, then reduce the heat and let it simmer for about 5 minutes.

   - Stir in the cornstarch slurry and continue to cook until the sauce has thickened.


4.   Combine and Serve:

   - Toss the fried chicken pieces in the orange sauce until they are well coated.

   - Serve hot, garnished with orange slices, green onions, and sesame seeds if desired.






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