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Brent crude

Money

Oil just settled at its highest since May — as a report says the U.S. and Israel have drawn up post-midterm strike plans for Iran

Brent closed at $113.17 on Thursday, up 4%, after The New York Times reported the two militaries have specific plans for a short, intense campaign against Iran after November 3. The S&P 500 had its worst day since July.

World

Iran claims it just shot down a U.S. drone — and set two more tankers on fire in the Strait of Hormuz

Tehran's Revolutionary Guard says its air defences destroyed an American MQ-9 drone overnight, while mines along the strait's "unauthorized" southern route set two tankers ablaze. None of it is independently verified.

World

Iran says its mines just hit another tanker — and claims Washington agreed to some of its terms

Tehran claims a supertanker struck one of its mines and exploded while crossing the Strait of Hormuz on an "unauthorized" route. Hours later, Iran's security chief said the U.S. had accepted some of Tehran's conditions for talks.

Money

Brent crude just hit $110. Here's what the Hormuz attacks mean for Canadian gas prices.

Iran's escalating campaign against shipping through the Strait of Hormuz pushed oil to its highest since May on Friday — and that price pressure is heading for your tank and the Bank of Canada's Oct. 28 decision.

World

Saudi Arabia extends Riyadh airport closure to Oct. 17 as Houthi attacks escalate

The coalition reported intercepting missiles aimed at Al-Kharj province; Brent crude settled at $106.65 and energy stocks hit a record.