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Oil Just Hit $110 — Could Canada's Energy Boom Offset the Tariff Pain?

  Published September 13, 2026 · 6 min read Brent crude touched nearly $110 US a barrel when trading opened Friday morning — its highest level since the spring — as renewed Iran-linked strikes on Saudi energy infrastructure rattled global supply. It settled back down to close the week around $104.61, but the direction of travel has been unmistakable: oil is up roughly 9-10% in the past week alone. That's bad news at the pump. But according to a CBC News analysis published this morning, it might not be bad news for Canada's economy overall. The argument: the roughly 0.5% hit to GDP from Trump's tariffs could be more than offset by the windfall Canada earns as one of the world's biggest oil exporters. For a personal finance reader, that's really two separate stories — one that costs you money, and one that might be quietly making some of your money back. Here's how to think about both sides of your own ledger. Why oil is spiking again The latest leg up traces to ...
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Russia Points Finger at U.S. as Cuba’s Fuel Crisis Escalates

Tricycle cabs wait for their turn to pick up clients as Cubans brace for fuel scarcity measures in Havana.

Cuba is grappling with a severe fuel shortage that has disrupted transportation, strained public services, and forced the government to tighten rationing measures. The Kremlin has described the situation as “critical,” arguing that U.S. sanctions are largely to blame for the island’s deepening energy emergency.

Russian officials claim Washington’s long‑standing restrictions are designed to “suffocate” Cuba by limiting its access to fuel imports and financial channels. Moscow says it remains in close contact with Havana and is exploring ways to support its ally as the crisis intensifies. Meanwhile, Cuban authorities warn that the coming weeks may bring further disruptions as supplies continue to dwindle.


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