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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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Trump's Warning to Iran: A New Chapter in Nuclear Negotiations

In a recent interview, former U.S. President Donald Trump issued a stark warning to Iran, stating that "there will be bombing" if Tehran fails to reach a nuclear agreement with Washington. This statement comes amidst heightened tensions between the two nations over Iran's nuclear program.

Trump emphasized the possibility of imposing secondary tariffs, similar to those enacted during his previous term, as an alternative to military action. However, he made it clear that military intervention remains on the table if diplomatic efforts falter. Iran, on the other hand, has rejected direct negotiations but has left the door open for indirect talks.

The situation underscores the fragile state of international relations and the complexities of nuclear diplomacy. As both sides navigate this high-stakes scenario, the global community watches closely, hoping for a resolution that avoids conflict.

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