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European Powers Reject U.S. Call for Military Role in Strait of Hormuz

                                                         Tankers sit anchored in Muscat, Oman amid the conflict European resistance to U.S. calls for military involvement in the Strait of Hormuz is growing, with Greece, Spain, Germany, and Italy all publicly rejecting participation. Their stance underscores a widening divide between Washington and key European partners over the legality and strategic wisdom of the U.S.-Israeli conflict with Iran. A group of major European nations— Greece, Spain, Germany, and Italy —has firmly declined to join U.S.-led military operations in the Strait of Hormuz , a critical global shipping route currently strained by conflict. Greece Greece announced it will not engage in military operations in the Strait. Officials clarified that Greece will only participate in the EU’s naval mis...
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Grocery prices to rise by up to 4.5% in 2024, report predicts

 

The annual Canada’s Food Price Report forecasts that the average Canadian family of four will spend $700 more on food in 2024, reaching a total of $16,297.20. The report, which is produced by four Canadian universities, projects that bakery, meat and vegetables will see the highest price increases, up to 7 per cent.

The report attributes the rising food costs to several factors, including interest rates, energy costs, climate change, transportation expenses and geopolitical risk. However, it also notes that the rate of increase is slowing compared to the previous two years, when the COVID-19 pandemic disrupted the food supply chain and caused inflation to spike.

Some essential items, such as dried pasta, sauces and canned goods, could become cheaper in 2024, as grocery chains compete for customers and benefit from lower commodity prices. The report also suggests that families spent less on groceries in 2023 than in 2022, possibly due to higher housing costs and debt levels.

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