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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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U.S. Bolsters Middle East Forces With Major Marine Deployment Amid Rising Tensions

 

                                            Marines train at Twentynine Palms, California 

The United States is significantly expanding its military presence in the Middle East, deploying thousands of Marines and a major amphibious assault ship as regional tensions escalate amid conflict involving Iran. 

The United States is reinforcing its military posture in the Middle East with the deployment of thousands of Marines and a large amphibious assault ship, U.S. officials confirmed. The move comes as conflict involving Iran continues to destabilize the region and disrupt global energy flows.

According to multiple reports, the deployment includes elements of the Marine Corps and a major amphibious assault vessel, intended to support U.S. efforts to reopen the Strait of Hormuz—a critical waterway that has been effectively closed since hostilities began. The closure has already driven oil prices up by roughly 50%, raising concerns about broader economic fallout. 

Officials say the buildup is also meant to counter ongoing missile and drone attacks launched by Iran against Israel and neighboring Gulf states. The U.S. presence aims to provide additional security, deter further escalation, and support allied operations in the region. 

The decision follows heightened rhetoric from President Donald Trump, who has criticized NATO allies for not contributing forces to the effort. As the situation evolves, the deployment underscores Washington’s commitment to maintaining stability in one of the world’s most strategically vital regions. 


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