Oil & Gas Markets: Brent rose to about $97.5 and WTI to about $92.9 as Iran warned of retaliation and the U.S. struck Iranian oil tankers, keeping traders focused on tighter Persian Gulf supply and possible shipping disruptions. Consumer Impact: The Iran war’s energy-price hit has reached roughly $100 billion for U.S. households, with Labor Day gas hitting record levels—AAA pegged the national regular average at $4.15, while Los Angeles County averaged $5.906. Energy Costs & Risk: Analysts say Hormuz flows remain far below pre-war levels, helping explain why crude is near $100 even without a full supply shutdown. Trade & Energy Policy: Canada’s retaliatory tariffs on about $20B of U.S. goods took effect after the latest tariff round, with energy and resource exports repeatedly flagged as potential leverage points in the broader U.S.-Canada fight. Workforce Shift: A U.S. Energy Department report found energy-sector employment fell about 1% in 2024-2025, with job losses concentrated in wind, hydro and especially solar, even as demand is expected to rise with electricity growth and data centers. Local Power Push: Mexico’s Yucatán is on track for 100 community solar systems by end-2026, aiming to expand reliable, lower-cost electricity in rural areas.