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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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Rocket from Yemen Strikes Tel Aviv, Injuring 16, as Palestinians Mourn 19 Dead in Gaza

 

In the early hours of Saturday, a rocket fired from Yemen struck an area of Tel Aviv, leaving 16 people injured by shattered glass from nearby windows. The Israeli military reported that an additional 14 people sustained minor injuries as they rushed to shelters when air raid sirens sounded before the projectile hit. This attack comes less than two days after a series of Israeli airstrikes on Yemen's Houthi rebel-held capital, Sanaa, and the port city of Hodeida, which killed at least nine people.

The Houthis, an Iran-backed group in Yemen, have launched more than 200 missiles and drones during the ongoing Israel-Hamas war in Gaza. The Houthis have also been attacking shipping in the Red Sea and Gulf of Aden, stating that these attacks will not cease until there is a ceasefire in Gaza.

Meanwhile, in Gaza, mourners held funerals for 19 people, including 12 children, who were killed in separate Israeli strikes on Friday and overnight. One of the strikes hit a residential building in the Nuseirat refugee camp in central Gaza, killing at least seven Palestinians, including five children and one woman, and injuring 16 others. Another strike in Gaza City killed 12 people, including seven children and two women. Gaza's Health Ministry reported that 21 people had been killed over the past 24 hours.

The escalating violence has drawn international concern, with U.N. Secretary-General Antonio Guterres warning that both sides' attacks risk further escalation in the region and undermine U.N. mediation efforts. The situation remains tense as both sides continue to exchange fire, causing significant civilian casualties and damage.




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