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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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Escalation in Gaza: Israeli Strikes Kill 40, Tanks Advance in the North

 

The conflict in Gaza has intensified as Israeli military strikes have killed at least 40 Palestinians across the Gaza Strip. The Israeli forces have tightened their grip around Jabalia in the north, engaging in fierce battles with Hamas-led fighters.

The escalation comes amid a broader offensive that has seen Israeli tanks advancing into northern Gaza, including the towns of Beit Lahiya and Beit Hanoun. The Israeli military’s stated aim is to eliminate Hamas fighters regrouping in these areas.

Palestinian health officials reported multiple casualties from Israeli airstrikes, including 11 people near Al-Falouja in Jabalia and 10 others in Bani Suhaila in eastern Khan Younis. Additional strikes destroyed homes in Gaza City and the Nuseirat camp, resulting in further loss of life.

The United Nations has expressed concern over the humanitarian impact, noting that the Israeli military appears to be cutting off northern Gaza from the rest of the enclave. This has raised fears of a potential forced displacement of residents, a claim Israel denies.

As the conflict continues, the international community watches closely, urging both sides to prioritize the safety and well-being of civilians caught in the crossfire.


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