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Gas Prices Are Spiking Again — Here's How to Protect Your Wallet as the Iran Conflict Escalates

  Published July 20, 2026 If it feels like you're filling up more often for the same money lately, you're not imagining it. Oil markets jolted higher to start the week, and Canadian drivers are almost certain to see it at the pump in the next few days. What just happened Brent crude — the global benchmark that drives Canadian gas pricing — jumped nearly 4% on Monday to trade above US$90 a barrel, its highest level since mid-June, while U.S. West Texas Intermediate traded near US$84. The move came after the United States and Iran escalated hostilities over the weekend, including strikes on vessels attempting to transit the Strait of Hormuz and an attack on an oil facility in Kuwait. That strait matters enormously to your gas bill: roughly a fifth of the world's oil supply normally passes through it. When shipping through it slows or stalls, traders price in a "risk premium" almost immediately — and that shows up at Canadian pumps within days, not weeks. What it mea...
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Ukraine's Retaliatory Strike: Air Force Targets Bryansk Border Post

In a decisive response to relentless drone attacks, Ukraine's air force launched a strategic strike on a border post in Russia's Bryansk region. The targeted site was identified as a key location for launching Russian attack drones, which have been terrorizing Ukrainian civilian infrastructure daily. 

The operation resulted in the destruction of military equipment, communication systems, and other critical infrastructure at the border post. Ukrainian officials emphasized that this strike was a necessary measure to counteract the ongoing aggression and reduce the enemy's ability to conduct drone operations against Ukraine.

This bold move underscores Ukraine's determination to defend its sovereignty and protect its citizens from persistent threats. The strike is expected to significantly impact Russia's drone-launching capabilities in the region. 



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