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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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HMS Dragon Off Cyprus: A Modern Sentinel in the Eastern Mediterranean

 

               Royal Navy destroyer HMS Dragon departing the UK to head to the Eastern Mediterranean.


The Royal Navy’s Type 45 destroyer HMS Dragon has arrived off the coast of Cyprus, marking another high‑profile deployment for one of Britain’s most advanced warships. Known for her striking red Welsh dragon emblazoned on the bow, the vessel’s presence underscores the UK’s ongoing commitment to stability and security in the Eastern Mediterranean.

A Strategic Arrival

HMS Dragon’s deployment places her in a region that has long been a crossroads of geopolitical tension and humanitarian need. The Eastern Mediterranean is a hub for NATO operations, maritime security patrols, and support missions connected to regional conflicts and humanitarian crises.

What HMS Dragon Brings to the Region

  • Air‑defence dominance: As a Type 45 destroyer, Dragon is equipped with the Sea Viper missile system, capable of tracking and intercepting multiple airborne threats.
  • Versatility: The ship can support evacuation operations, escort duties, and multinational exercises.
  • Diplomatic presence: Naval deployments often serve as signals of reassurance to allies and deterrence to adversaries.

Why Cyprus Matters

Cyprus hosts key UK sovereign base areas, making it a natural staging point for operations across the Middle East and North Africa. Dragon’s arrival strengthens the UK’s ability to respond quickly to emerging situations in the region.


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