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5 Things to Know Today — September 28, 2026

  Monday, September 28, 2026  |  MoneySavings.ca Iran rejects Trump's terms for Hormuz, the US alcohol ban on Canadian goods kicks in tomorrow, the loonie posts its 13th straight losing session, Tuesday brings a key GDP print, and Ottawa quietly narrowed the federal deficit. Here's what it all means for your wallet today. 01 OF 05 🛢️ Iran Digs In on Hormuz — Trump Rejected the Deal, and Oil Stays Elevated Iran's Foreign Minister Abbas Araghchi offered over the weekend to reopen the Strait of Hormuz within seven days — the same terms attached to the June Islamabad Memorandum of Understanding that collapsed in early July. The conditions: the US lifts its naval blockade on Iranian ports, waives sanctions on Iranian oil sales, and observes a broader ceasefire. Trump rejected the offer outright on Saturday, calling it a play by a country that is "losing badly," and renaming the strait "Trump Strait" on Truth Social for good measure. As of this morning, Iran ...

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Persistence Amid Tragedy: Hamas Continues Hostage Negotiations

 

In the wake of a devastating personal loss, Ismail Haniyeh, the leader of Hamas, has reaffirmed the group’s commitment to pursuing a hostage exchange deal. This declaration comes after an Israeli airstrike resulted in the death of three of Haniyeh’s sons, marking a poignant moment in the ongoing conflict.

Despite the tragedy, Haniyeh emphasizes that the interests of the Palestinian people remain paramount. The pursuit of a ceasefire and the release of hostages continue to be a priority for Hamas, as they navigate through the complexities of negotiation with Israel. Haniyeh’s resolve in the face of adversity sends a clear message: the quest for a resolution does not wane, even under the shadow of personal grief.

The recent events have not deterred the militant group from its goal of reaching an agreement. Haniyeh’s statement underscores the delicate balance between the pursuit of peace and the harsh realities of conflict. As talks progress, the world watches, hoping for a peaceful outcome that can bring an end to the suffering on both sides.

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