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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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Escalation in Gaza: Hospital in Flames Amidst Conflict

 

In a tragic turn of events, Israeli troops stormed the Kamal Adwan Hospital in northern Gaza on Friday, forcibly removing staff and patients before setting parts of the hospital on fire. The hospital, one of the last operating in the area, has been repeatedly targeted over the past three months as Israeli forces continue their offensive against Hamas fighters.

The Gaza Health Ministry reported that the troops forced medical personnel and patients to assemble in the hospital yard, where they were stripped of their clothes in the cold winter temperatures. Some patients were relocated to the nearby Indonesian hospital, which had already been knocked out of operation by an Israeli raid earlier in the week.

The ministry's account, which could not be independently confirmed, described fires being set in several parts of the hospital, including the lab and surgery department. An audio message from an unidentified staff member posted on social media highlighted the dire situation, with patients unhooked from oxygen and at risk of dying at any moment.

This incident is part of a broader offensive that has seen northern Gaza areas like Jabaliya, Beit Hanoun, and Beit Lahiya virtually sealed off, with large parts of these districts leveled. The ongoing conflict has raised fears of famine, with the U.N. reporting only four humanitarian deliveries to the area from December 1 to December 23.

The Israeli military has claimed that their operations target Hamas infrastructure and fighters, though they have provided no evidence to support their accusations that Hamas fighters were operating inside Kamal Adwan Hospital. Hospital officials have denied these claims.

The situation remains dire, with thousands of Palestinians forced out of their homes and the health sector in Gaza devastated by the nearly 15-month-old campaign of bombardment and offensives. The international community continues to watch closely as the humanitarian crisis in Gaza deepens.


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