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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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U.S. Approves $3 Billion Arms Deal with Israel Amid Ceasefire Talks

The Trump administration has approved a significant arms sale to Israel, valued at nearly $3 billion. This deal includes over 35,500 MK 84 and BLU-117 bombs, 4,000 Predator warheads, and Caterpillar D9 bulldozers, among other equipment. The State Department bypassed the usual congressional review, citing national security interests.

The timing of this approval coincides with the expiration of the first phase of a ceasefire between Israel and Hamas. The truce, which began in January 2025, has seen the release of hostages and prisoners on both sides, along with increased humanitarian aid to Gaza. Negotiators are working to extend the ceasefire and move toward a lasting resolution.

This arms deal underscores the U.S.'s continued support for Israel, even as the region navigates a fragile peace process.

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