World·2026-04-19T22:47:44+00:00
Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers
Oil prices rose sharply as a U.S.-Iran standoff blocked tankers in the Strait of Hormuz, a key global oil transit route. The conflict has created a severe global energy crisis, with gasoline prices remaining high worldwide and analysts warning prolonged closure could worsen prices. A fragile ceasefire is set to expire Wednesday, raising uncertainty about negotiations to reopen the strait and normalize shipments.
CityNews Toronto · Global News Canada
Local·2026-04-19T12:02:25+00:00
Russian attacks kill at least 2 as Ukraine strikes a Russian drone factory
Russian drone strikes in Ukraine killed at least two people, including a 16-year-old boy in Chernihiv and a man in Kherson, with over 200 drones launched overnight. In response, Ukraine's military struck a drone factory in Taganrog, Russia, using Neptune cruise missiles, causing a fire and injuring three people. The conflict continues with significant military actions on both sides.
CityNews Toronto
National·2026-04-19T17:33:41+00:00
Federal fuel tax relief to lower gas prices amid Iran war uncertainty
The federal government will temporarily suspend the federal excise tax on fuel starting Monday, reducing gasoline prices by 10 cents per litre and diesel by 4 cents per litre. This relief comes as businesses like NovaExpress, a logistics company with over 200 vehicles, report fuel bills have doubled since the Iran war began spiking prices, forcing surcharges that now exceed 90% of base shipping costs.
CityNews Toronto
