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  Wednesday, July 8, 2026 Global markets are on edge this morning after U.S. President Donald Trump told reporters at the NATO summit in Ankara, Turkey, that he believes the ceasefire between the United States and Iran is “over,” following renewed strikes in the Middle East. The comments came after the U.S. carried out fresh strikes on Iran overnight in response to attacks on three commercial vessels in the Strait of Hormuz, and Iran's Revolutionary Guard said it struck American targets in Bahrain and Kuwait in retaliation. The escalation has sent oil prices sharply higher, pulled North American futures lower, and pushed government bond yields up around the world. 🍁 Canada: TSX Closes Higher, Energy in Focus at the Open The S&P/TSX composite index closed Tuesday's session up 60.27 points at 35,272.59, outperforming its U.S. counterparts as a rotation into energy and financials offset weakness tied to the global tech selloff. With crude prices spiking again overnight on the...

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Rising Middle East Tensions: Key Leaders Assassinated


n a dramatic escalation of Middle East tensions, the leaders of two prominent Iranian-backed groups, Hamas and Hezbollah, were killed in separate attacks within 24 hours. These incidents have sparked fears of a broader regional conflict.

Hamas Leader Assassinated in Tehran

Ismail Haniyeh, the political leader of Hamas, was killed in an airstrike in Tehran on Wednesday. Haniyeh was in Iran to attend the inauguration of the new Iranian president. Hamas quickly blamed Israel for the attack, although Israel has neither confirmed nor denied responsibility. Haniyeh’s death is a significant blow to Hamas, which has been engaged in indirect ceasefire negotiations with Israel, brokered by Qatar, Egypt, and the U.S.

Hezbollah Commander Killed in Beirut

Just hours before Haniyeh’s assassination, Fuad Shukr, a senior Hezbollah commander, was killed in an Israeli strike on the outskirts of Beirut. Hezbollah, a heavily armed militia group based in Lebanon, has long been involved in conflicts with Israel. Shukr’s death further complicates the already tense situation in the region.

Reactions and Implications

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has vowed to seek revenge for Haniyeh’s death, raising the specter of further violence. The U.S. State Department has issued a travel advisory, warning Americans against traveling to Lebanon due to the rising tensions.

These assassinations come at a time when the region is already on edge following a series of violent incidents. The deaths of these key figures are likely to have significant repercussions, potentially undermining ongoing peace efforts and leading to further instability in the Middle East.


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