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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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Netanyahu’s Court Appearance Sparks Debate After Trump-Backed Pardon Request

 

A demonstrator wearing a mask depicting Israeli President Isaac Herzog pretends to feed a banana to another demonstrator wearing a mask depicting PM Benjamin Netanyahu during a protest outside a courthouse in Tel Aviv.


Israeli Prime Minister Benjamin Netanyahu made a rare court appearance on Monday, just days after formally requesting a presidential pardon in his long-running corruption trial — a move that has drawn both domestic and international attention. The request, which has been publicly supported by U.S. President Donald Trump, has intensified political divisions within Israel and raised questions about the future of its judicial system.

Netanyahu, who faces charges of fraud, breach of trust, and bribery in multiple cases dating back to 2019, argued that the trial has become a distraction from governing and is tearing the country apart. He insisted that a pardon would serve the “national interest” by restoring unity at a time of heightened political and security challenges. Trump, a longtime ally, urged Israeli President Isaac Herzog to grant clemency, praising Netanyahu’s leadership and calling the trial politically motivated.

Opposition leaders, however, strongly condemned the request. Critics argue that granting a pardon would undermine Israel’s democratic institutions and set a dangerous precedent by placing Netanyahu above the rule of law. Some have suggested that any pardon should be contingent on Netanyahu’s retirement from politics and an admission of guilt. Former Prime Minister Naftali Bennett echoed this sentiment, saying that Netanyahu’s exit could help stabilize the nation and heal divisions.

President Herzog’s office described the pardon request as “extraordinary” and confirmed it would be carefully reviewed in consultation with legal authorities. The decision carries significant implications not only for Netanyahu’s political career but also for Israel’s justice system, which is under intense scrutiny as the trial continues.

For now, Netanyahu remains the only sitting Israeli prime minister ever to stand trial, and his courtroom appearance underscores the gravity of the moment. Whether the pardon is granted or denied, the outcome will likely shape Israel’s political landscape for years to come.

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