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5 Things to Know Today — September 28, 2026

  Monday, September 28, 2026  |  MoneySavings.ca Iran rejects Trump's terms for Hormuz, the US alcohol ban on Canadian goods kicks in tomorrow, the loonie posts its 13th straight losing session, Tuesday brings a key GDP print, and Ottawa quietly narrowed the federal deficit. Here's what it all means for your wallet today. 01 OF 05 🛢️ Iran Digs In on Hormuz — Trump Rejected the Deal, and Oil Stays Elevated Iran's Foreign Minister Abbas Araghchi offered over the weekend to reopen the Strait of Hormuz within seven days — the same terms attached to the June Islamabad Memorandum of Understanding that collapsed in early July. The conditions: the US lifts its naval blockade on Iranian ports, waives sanctions on Iranian oil sales, and observes a broader ceasefire. Trump rejected the offer outright on Saturday, calling it a play by a country that is "losing badly," and renaming the strait "Trump Strait" on Truth Social for good measure. As of this morning, Iran ...
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Tensions Escalate as Iran Warns Israel Against Retaliation

 

On October 17, Iran issued a stern warning to Israel against any retaliatory actions following a recent missile barrage. This warning comes as Israel intensifies its military operations in Lebanon, targeting the Tehran-backed Hezbollah.

The commander of Iran’s Revolutionary Guards emphasized that any Israeli attack would be met with a stronger response, highlighting the fragile and volatile nature of the current situation. This development follows a series of escalations, including a significant missile attack by Iran on October 1, which has further strained relations between the two nations.

As both sides prepare for potential further conflict, the international community watches closely, concerned about the broader implications for regional stability.


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