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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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Ukraine Pushes for Major Prisoner Swap With Russia

 

Ukraine has announced efforts to resume prisoner exchanges with Russia, aiming to secure the release of 1,200 Ukrainian captives. President Volodymyr Zelenskyy confirmed that negotiations are underway, with mediation provided by Turkey and the United Arab Emirates. The talks are based on the Istanbul agreements, which previously facilitated prisoner swaps between the two nations.

Rustem Umerov, Secretary of Ukraine’s National Security and Defense Council, stated that recent consultations have led to an agreement to activate the arrangements. Technical discussions are expected to finalize the details, with Kyiv hoping to bring prisoners home by the winter holidays.

The announcement comes amid ongoing Russian drone strikes targeting Ukraine’s energy infrastructure, underscoring the urgency of humanitarian measures alongside military conflict. Zelenskyy emphasized that “many meetings, negotiations and calls” are taking place to ensure the exchange, highlighting the government’s determination to reunite families torn apart by the war.

If successful, this would mark one of the largest prisoner swaps since the start of the conflict, offering relief to hundreds of families awaiting the return of loved ones.


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