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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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Israeli Troops Reach Strategic Hill in Lebanon Amid Escalating Conflict

 

Israeli ground forces have reached their deepest point in Lebanon since the invasion began on October 1, according to Lebanese state media. The troops captured a strategic hill in the southern Lebanese village of Chamaa, approximately 5 kilometers from the Israeli border, before pulling back after intense battles with Hezbollah militants.

The National News Agency reported that Israeli forces detonated the Shrine of Shimon the Prophet and several homes in Chamaa before their withdrawal, although these claims have not been independently verified. The Israeli military stated that their operations in southern Lebanon remain limited, localized, and targeted.

This ground push coincided with Israeli airstrikes on Beirut’s southern suburbs and other areas in southern Lebanon, including the port city of Tyre. The strikes targeted sites used by Hezbollah, with residents receiving advance warnings to evacuate.

The escalation comes as Lebanese and Hezbollah officials review a U.S.-drafted proposal aimed at ending the conflict. The proposal, based on U.N. Security Council resolution 1701, calls for a ceasefire and Hezbollah’s withdrawal from the Israel-Lebanon border.

Since the conflict’s escalation in late September, over 3,400 people have been killed in Lebanon, with 80% of the casualties occurring in the past eight weeks. Lebanon’s caretaker prime minister has urged Iran to persuade Hezbollah to agree to the ceasefire deal.


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