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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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Tragedy in Gaza: School Shelter Targeted Amid Ceasefire Talks


An Israeli airstrike on a school-turned-shelter in Gaza City has claimed the lives of at least 23 people, including children, as Arab mediators work tirelessly to negotiate a long-term truce between Israel and Hamas. The strike ignited tents sheltering displaced Palestinians, leaving many burned alive. 

The attack comes amidst heightened tensions and a seven-week blockade on Gaza, which has severely restricted food and humanitarian aid. International criticism of the blockade has intensified, with France, Germany, and Britain calling it "intolerable". Palestinian President Mahmoud Abbas has urged Hamas to release hostages to prevent further escalation.

The humanitarian crisis in Gaza continues to worsen, with displaced families struggling to survive under dire conditions. The tragedy underscores the urgent need for a resolution to the conflict and an end to civilian suffering.



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