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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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Washington Presses Israel to Halt Strikes on Iran’s Energy Network

 

Smoke rises in Sharjah, following reports of Iranian attacks after United States and Israel strikes on Iran, in Sharjah, United Arab Emirates, March 1, 2026.


The United States has urged Israel to stop its ongoing attacks on Iran’s energy infrastructure, according to multiple reports citing senior U.S. and Israeli officials.

Key Developments

  • U.S. officials delivered the request at high political levels and directly to IDF Chief of Staff Eyal Zamir. 
  • The Trump administration outlined several strategic concerns:
    • A desire to maintain the possibility of future cooperation with Iran’s oil sector after the conflict.
    • Fears that continued strikes could harm Iranian civilians. 
    • Warnings that Iran might retaliate with large-scale attacks on Gulf energy infrastructure, a scenario described as a potential “doomsday option.” 

Context

The request marks a rare moment in which Washington is attempting to restrain Israeli military actions, despite the two nations having jointly targeted Iranian assets earlier in the conflict.

What This Means

The U.S. appears focused on preventing escalation that could destabilize global energy markets and draw Gulf states deeper into conflict. Israel has not publicly responded to the reported request, leaving uncertainty about whether the strikes will continue.

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