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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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U.S. Issues Stern Warning as Rubio Pressures Venezuela’s New Leadership

 

                                                      Secretary of State Marco Rubio  

Washington is signaling a tougher stance toward Venezuela as Secretary of State Marco Rubio prepares to warn that the United States is willing to use force if the country’s new leadership strays from agreed‑upon political goals. Rubio’s upcoming remarks to lawmakers emphasize that while the U.S. prefers diplomatic cooperation, it expects Venezuela’s interim government to stay aligned with commitments made during the transition of power.

The warning comes at a delicate moment for Venezuela, where a shift in leadership has raised both hopes for stability and concerns about future direction. Rubio argues that U.S. support is not unconditional and that any deviation from democratic reforms or security agreements could trigger a stronger response.

The message underscores a broader U.S. strategy aimed at shaping Venezuela’s political trajectory and maintaining influence in a region marked by volatility. As the new government works to establish legitimacy, Rubio’s comments highlight the pressure it faces from Washington to stay the course.


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