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U.S.–Iran Strikes Escalate: What It Means for Your Gas Bill and Savings

  ⚡ BREAKING · MAY 8, 2026 By MoneySavings.ca Editorial Team   |  May 8, 2026  |  5 min read The Strait of Hormuz, photographed from space. Approximately 20% of the world's oil supply passes through this narrow waterway. (Image: NASA / Public Domain) American warships were attacked in the Strait of Hormuz on May 7, 2026 — and the U.S. military fired back hard, striking Iranian ports at Qeshm and Bandar Abbas. For Canadians, this isn't just a distant war story. It's a pocketbook issue. 20% of global oil transits the Strait of Hormuz every day $94 projected WTI crude price per barrel if closure continues (CEPR, 2026) 5% of normal shipping traffic still moving through the Strait What Happened — and When The crisis didn't begin overnight. On February 28, 2026, the United States and Israel launched coordinated strikes against Iran, targeting nuclear infrastructure and senior military leadership — including Supreme Leader Ali Khamenei, who was killed in the strik...
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Ontario Drivers Enjoy Free Rush Hour Travel on Hwy. 407 This March

Ontario drivers are in for a treat this March as the 407 Express Toll Route (ETR) offers free travel during weekday rush hours. From March 1 to March 31, personal vehicles with Ontario license plates can use the highway toll-free between 7 a.m. and 9:30 a.m., and again from 3:30 p.m. to 5:30 p.m. This promotion applies to the stretch of the highway between the QEW in Burlington and Brock Road in Pickering.

To take advantage of this offer, drivers must sign up for a "My Account" with the 407 ETR and agree to the Paperless Agreement. Eligible trips will appear as promotional credits on their bills, though transponder lease fees will still apply.

This initiative aims to ease traffic congestion and provide financial relief to commuters. However, heavy vehicles and those without Ontario plates are not eligible for the promotion. While the offer is limited to March, it has sparked discussions about the potential for similar initiatives in the future. 

Enjoy the open road and a little extra savings this month!

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