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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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Israeli Reservist Dismissed After Running Over Praying Palestinian in West Bank

An armed settler is seen running over a Palestinian who was praying by the roadside in Ramallah, in the occupied West Bank.


An Israeli reservist soldier has been removed from duty after driving his vehicle into a Palestinian man who was praying on the roadside in the occupied West Bank. Video of the incident shows the reservist steering an ATV directly toward the kneeling man near the village of Deir Jarir, north of Ramallah.

According to the Israeli military, the reservist had also fired shots in the area shortly before the collision. Officials described his actions as a serious breach of conduct, noting that his weapon was confiscated and his reserve service immediately terminated.

The event has intensified concerns about rising violence involving settlers and reservists in the West Bank, where tensions have been steadily escalating. Palestinian groups condemned the attack as part of a broader pattern of assaults on civilians, while Israeli authorities said a formal investigation is underway.

The condition of the injured man has not yet been publicly released.


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