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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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Trump and Putin Set to Discuss Ukraine Ceasefire

Former U.S. President Donald Trump has announced plans to speak with Russian President Vladimir Putin on Tuesday in an effort to negotiate an end to the ongoing war in Ukraine. Speaking aboard Air Force One, Trump expressed optimism about the potential for progress, stating, "We want to see if we can bring that war to an end. Maybe we can, maybe we can't, but I think we have a very good chance".

The discussion is expected to focus on key issues such as territorial disputes and control over power plants, with Trump describing the talks as "dividing up certain assets". This marks a significant diplomatic move as the conflict, now in its third year, continues to devastate Ukraine and strain international relations.

While Trump has faced criticism for his approach to foreign policy, including his perceived affinity for Putin, his efforts to broker peace could serve as a pivotal moment in the conflict. The outcome of the talks remains uncertain, but the world watches closely as the two leaders prepare for this high-stakes conversation.

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