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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Israeli Airstrike in Southern Gaza Leaves 71 Dead

 

In a devastating attack on the southern Gaza Strip, at least 71 people lost their lives, according to the Gaza Health Ministry. The strike, which occurred in the Khan Younis area, also left 289 others injured. Many of the injured and deceased were taken to the nearby Nasser Hospital.

The Israeli official identified the target of the strike as Mohammed Deif, believed to be the chief architect of an earlier attack that killed around 1,200 people in southern Israel. Deif has long been on Israel’s most-wanted list and has reportedly escaped multiple assassination attempts in the past. Rafa Salama, another top Hamas official, was also targeted in the strike, though details on their fate remain unclear.

This tragic incident adds tension to ongoing talks between U.S., Egyptian, and Qatari mediators, who are working to narrow gaps between Israel and Hamas regarding a proposed three-phase cease-fire and hostage release plan in Gaza. The potential killing or injury of any senior Hamas official threatens to derail these delicate negotiations. 

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