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Ottawa's Parliament Hill, where the Carney government is rolling out Canada's largest fiscal stimulus package since 1980. / Photo: Unsplash. MoneySavings.ca  ·  Economy & Policy Monday, April 13, 2026  ·  Daily Edition Canada at a crossroads: oil shock, frozen rates, and a trade deal on the clock Canada's economy is navigating a uniquely complicated moment in 2026. A Middle East conflict has sent oil prices surging past US$104 a barrel, a once-in-a-generation fiscal stimulus package is being rolled out in Ottawa, and the clock is ticking on a renegotiation of Canada's most important trade agreement. For everyday Canadians, this means uncertainty at the gas pump, a central bank with limited room to cut rates, and a federal government betting big on public spending to kick-start growth. Here is what you need to know about the forces shaping the Canadian economy right now. 1. The Bank of Canada is stuck — and oil is why The Bank of Canada has held it...
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Tehran Opens Door for Japanese Ships Amid Hormuz Tensions

 

A cargo ship in the Gulf, near the Strait of Hormuz, as seen from the United Arab Emirates, near the border with Oman, on March 11.

Iran has signaled a willingness to allow Japanese‑related vessels safe passage through the Strait of Hormuz, easing concerns over a critical global oil route amid heightened regional tensions. This development follows direct communication between Tehran and Tokyo, with Iranian Foreign Minister Abbas Araghchi emphasizing that the strait remains open to countries not engaged in military action against Iran.

Iran has announced its readiness to permit Japanese‑related vessels to transit the Strait of Hormuz, one of the world’s most vital maritime chokepoints for oil shipments. According to reports from Kyodo News, Iranian Foreign Minister Abbas Araghchi stated that while the strait remains closed to nations involved in military actions against Iran, it is open to others—including Japan—pending coordination with Tehran.

Japan, which relies on the Middle East for more than 90% of its crude oil imports, has been particularly vulnerable to disruptions in the region. The ongoing conflict and partial blockade of the strait have already pressured Tokyo to release oil from its strategic reserves.

Negotiations between Iran and Japan are ongoing, with Tehran expressing willingness to ensure safe passage for Japanese vessels as long as communication channels remain open. This move may help stabilize energy supply routes and reduce geopolitical strain in a region already on edge. 

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