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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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UK Boosts Ukraine’s Defense with Largest-Ever Aid Package

 


In a significant move to support Ukraine amid the ongoing conflict with Russia, the United Kingdom has announced its largest-ever military aid package to the country. Prime Minister Rishi Sunak revealed that the aid includes a substantial supply of long-range missiles and other critical equipment.

Here are the key details:

  1. Storm Shadow Missiles: The UK will send additional Storm Shadow long-range missiles to Ukraine. These precision-guided cruise missiles have a firing range of over 250 kilometers (155 miles). Alongside these missiles, Britain is also providing more than 1,600 strike and air defense missiles.

  2. Total Aid Amount: The aid package amounts to £500 million ($620 million) in new spending. This brings the total UK military aid to Ukraine for this financial year to an impressive £3 billion.

  3. Strategic Importance: Prime Minister Sunak emphasized the importance of defending Ukraine against Russia’s aggression. He warned that if Russian President Vladimir Putin succeeds in this war, it won’t stop at Ukraine’s borders. The aid aims to bolster Ukraine’s security and contribute to stability in Europe.

  4. Additional Support: In addition to missiles, the UK will procure drones for Ukraine and scale up domestic defense supply chains. The package also includes more than 400 vehicles, including armored vehicles and boats.

UK’s commitment to Ukraine’s security highlights the significance of this unprecedented military assistance. The Storm Shadow missiles and other equipment underscore the UK’s determination to stand by Ukraine during this critical time.


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