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5 Things to Know Today: Oil Surges, Tariffs Land Tomorrow, Your Gas Tax Break Survives

  Monday, September 7, 2026 — Labour Day | Canadian Money Brief Markets are closed for the holiday, but the week ahead is loaded. Here are five things worth knowing before you head back to your desk tomorrow. 1. Oil Hits a Five-Week High as the Iran Conflict Escalates Crude climbed to $92.06 US/barrel on Saturday — up 17.75% over the past month and nearly 48% year over year — after Iran and the United States exchanged missile strikes this week. Israel's defence minister has threatened "crippling" attacks on Iran's energy infrastructure, the EU has formally joined the US-led sanctions campaign, and US Vice President JD Vance said Washington won't hold peace talks until Iran stops targeting ships in the Strait of Hormuz. What it means for you: Even with the federal gas tax break extended (see #4), pump prices track the price of crude itself. If your tank's getting low, filling up early this week may beat whatever the Strait of Hormuz situation does to prices by...

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US Labels Four European Antifa Groups as Global Terrorists

FILE PHOTO: U.S. President Donald Trump looks at U.S. Homeland Security Secretary Kristi Noem as he participates in a roundtable on Antifa, an anti-fascist movement he designated a domestic "terrorist organization" via executive order on September 22, at the White House in Washington, D.C., U.S., October 8, 2025.


The United States has formally designated four European anti-fascist organizations as terrorist groups, marking the most sweeping action yet against Antifa networks abroad. Secretary of State Marco Rubio announced that Germany’s Antifa Ost, Italy’s Informal Anarchist Federation/International Revolutionary Front (FAI/FRI), and two Greek groups—Armed Proletarian Justice and Revolutionary Class Self-Defense—have been classified as Specially Designated Global Terrorists.

The designations, set to take effect on November 20, 2025, will also elevate these groups to the status of Foreign Terrorist Organizations, restricting their access to funding and resources while enabling Washington to pursue sanctions against affiliates worldwide.

Rubio described the groups as “violent Antifa” networks, accusing them of adhering to revolutionary anarchist and Marxist ideologies that promote anti-American, anti-capitalist, and anti-Christian rhetoric. He emphasized that the move builds on President Donald Trump’s earlier executive order labeling Antifa as a domestic terrorist organization in September 2025.

The decision comes amid heightened tensions following the assassination of conservative activist Charlie Kirk, which the administration linked to far-left extremism. Officials argue that the designations are necessary to confront what they call Antifa’s “campaign of political violence” and to disrupt its international networks.

Critics, however, warn that the sweeping classification risks conflating diverse anti-fascist movements with terrorism, potentially escalating political polarization in both the US and Europe.

With this step, Washington signals its intent to expand its crackdown on Antifa globally, raising questions about how European governments will respond to the US’s unilateral designation of groups operating within their borders.


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