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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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Revised Account Emerges in Gaza Aid Worker Tragedy

 

The Israeli military has revised its initial account of the tragic killing of 15 emergency workers near Rafah in southern Gaza on March 23. Initially, the military claimed that soldiers fired on vehicles approaching their position "suspiciously" in the dark, without lights or markings, and identified the victims as militants from Hamas and Islamic Jihad. However, newly surfaced video footage from one of the victims' mobile phones, released by the Palestinian Red Crescent, contradicts this narrative.

The video shows emergency workers in uniforms, operating clearly marked ambulances and fire trucks with their lights on, being fired upon by soldiers. Munther Abed, the sole survivor and a paramedic with the Palestinian Red Crescent, corroborated this, stating that soldiers targeted clearly marked emergency vehicles.

An Israeli military official acknowledged that the initial report from the field was mistaken and attributed the error to the person providing the account. Investigations are ongoing, with conclusions expected to be presented to army commanders. The United Nations and the Palestinian Red Crescent have called for an independent inquiry into the incident, which has drawn international attention and condemnation.

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