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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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World Leaders Gather in Rome to Honor Pope Francis

Rome is witessing an extraordinary convergence of global leaders and dignitaries as they arrive to pay their respects to Pope Francis, who passed away at the age of 88. Among the prominent figures attending the funeral are former U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy. The funeral, set to take place in St. Peter's Square, marks the culmination of a week of mourning for the beloved pontiff.

Pope Francis, known for his humility and dedication to the marginalized, has drawn tens of thousands of mourners to St. Peter's Basilica, where his body lay in state. The Vatican has confirmed the attendance of 130 delegations, including 50 heads of state and 10 reigning monarchs, reflecting the global impact of his leadership.

The ceremony will also feature a poignant moment as a group of poor and needy individuals, in line with Francis' values, will pay homage to his coffin. As the world bids farewell to a transformative figure, the conclave to elect his successor is set to begin in early May.



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