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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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Israel Approves New Parcel of West Bank Land for Settlement

 

Israeli Finance Minister Bezalel Smotrich has declared 800 hectares in the occupied West Bank as state land. This move aims to facilitate the use of the ground for settlement building. The announcement comes on the same day that U.S. Secretary of State Antony Blinken visited Israel for talks with Prime Minister Benjamin Netanyahu. Despite growing international opposition, the Israeli government remains determined to press ahead with settlement construction in the West Bank.

The designation of 1,976 acres of land in the Jordan Valley as state land follows a similar decision regarding 300 hectares (740 acres) in the Maale Adumim area of the West Bank. The latter area is crucial to the Palestinians’ vision of a future independent state.

Last month, the United States stated that Israel’s expansion of settlements in the West Bank was inconsistent with international law, aligning with the global consensus that considers these settlements illegal. Israel, however, disputes this view, citing historical and Biblical ties to the land. Meanwhile, the Palestinians view the expansion of settlements as a deliberate Israeli policy aimed at undermining their aspiration for an independent state with East Jerusalem as its capital.

The Palestinian Ministry of Foreign Affairs condemned this latest move, describing it as “a continuation of the extermination and displacement of our people from their homeland.”

Despite the controversy, Israeli Finance Minister Bezalel Smotrich’s declaration underscores the government’s commitment to settlement building in the West Bank. The situation remains highly contentious, with implications for regional stability and peace efforts.

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