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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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Israeli Forces Seize Crucial Rafah Border Crossing in Gaza

 

Israeli ground forces have seized control of the Gaza side of the Rafah border crossing with Egypt, effectively cutting off a vital route for humanitarian aid and potential sanctuary for civilians. The crossing has been a crucial entry point for supplies into the besieged enclave.

The Israeli 401st Brigade entered the Rafah crossing on Tuesday morning, a day after the Palestinian group governing Gaza said it accepted an Egyptian-Qatari mediated ceasefire proposal. However, Israel insisted that the deal did not meet its core demands. The seizure of the Rafah crossing comes as prospects for a ceasefire deal with Hamas hang in the balance.

The Rafah crossing is crucial for both aid and those able to flee into Egypt. Israeli leaders had long anticipated a military operation into the southern city, where some 1.4 million Palestinians, including more than 600,000 children, are sheltering. Despite warnings from the United Nations, United States, the European Union, and international humanitarian organizations that an attack would be catastrophic, Israel moved forward with its offensive.

Footage released by the Israeli military showed a tank entering the Palestinian side of the Rafah crossing. Details of the video matched known features of the crossing, and Israeli flags were seen flying from tanks that seized the area. The military said its special forces were scanning the area and had been operating since Monday night in eastern Rafah. Evacuations were carried out, with Palestinians instructed to move towards al-Mawasi on the Mediterranean Sea coast, where a humanitarian zone with field hospitals, tents, and medical supplies had been set up. However, the Israeli military intensified its bombardment of the city, resulting in casualties.

As the situation unfolds, the seizure of the Rafah crossing puts ceasefire talks on a knife’s edge. The international community closely watches developments in the region, hoping for a resolution that will spare civilian lives and alleviate the humanitarian crisis in Gaza. However, with Israel’s insistence on achieving its aims and Hamas’s resistance, the path to peace remains uncertain.


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