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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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South Korea Considers Supplying Arms to Ukraine After Russia-North Korea Pact

 

In a significant policy shift, South Korea has expressed its willingness to consider sending arms to Ukraine. This decision comes after Russia and North Korea signed a defense pact, pledging mutual aid in the event of war. The agreement, which observers believe marks a strong connection between Moscow and Pyongyang since the Cold War’s end, has raised concerns in the region and beyond.

The pact, signed during a summit in Pyongyang, outlines that if either country faces invasion and is pushed into a state of war, the other must provide “military and other assistance” without delay. However, this assistance must align with both countries’ laws and Article 51 of the United Nations Charter, recognizing a member state’s right to self-defense.

South Korea’s presidential office swiftly condemned the agreement, calling it a threat to its security and a violation of U.N. Security Council resolutions. The office warned that this development could strain Seoul’s relations with Moscow. National security adviser Chang Ho-jin stated that Seoul would reconsider providing arms to Ukraine to counter Russia’s invasion.

This situation highlights the delicate balance between regional security concerns and geopolitical dynamics, as South Korea navigates its response to the Russia-North Korea pac. The world watches closely as tensions escalate and alliances shift in the face of global challenges.


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