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U.S.–Iran Strikes Escalate: What It Means for Your Gas Bill and Savings

  ⚡ BREAKING · MAY 8, 2026 By MoneySavings.ca Editorial Team   |  May 8, 2026  |  5 min read The Strait of Hormuz, photographed from space. Approximately 20% of the world's oil supply passes through this narrow waterway. (Image: NASA / Public Domain) American warships were attacked in the Strait of Hormuz on May 7, 2026 — and the U.S. military fired back hard, striking Iranian ports at Qeshm and Bandar Abbas. For Canadians, this isn't just a distant war story. It's a pocketbook issue. 20% of global oil transits the Strait of Hormuz every day $94 projected WTI crude price per barrel if closure continues (CEPR, 2026) 5% of normal shipping traffic still moving through the Strait What Happened — and When The crisis didn't begin overnight. On February 28, 2026, the United States and Israel launched coordinated strikes against Iran, targeting nuclear infrastructure and senior military leadership — including Supreme Leader Ali Khamenei, who was killed in the strik...
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Nova Scotia Community Rallies as Search Continues for Missing Childre

Authorities and volunteers are tirelessly searching for two young children who went missing in a remote wooded area of Pictou County. The siblings, last seen near their home, have prompted a widespread search effort involving local residents, police, and emergency response teams.  

Search crews have deployed drones, tracking dogs, and ground teams to comb the dense forest for signs of the children. Despite difficult terrain and changing weather conditions, rescuers remain hopeful and determined.  

Local community members have come together to support the search, offering food, shelter, and assistance to those involved. Officials urge anyone with information to come forward and encourage residents to remain vigilant.  

Authorities emphasize that time is critical and are calling on the public to stay informed and lend support as efforts continue.  


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