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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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Russia Resumes Strikes on Ukraine as Easter Ceasefire Ends

 

Russia launched a fresh wave of missile and drone attacks on Ukraine early Monday, just hours after the expiration of a 30-hour Easter ceasefire declared by President Vladimir Putin. The strikes targeted multiple regions, including Kharkiv, Dnipropetrovsk, and Cherkasy, prompting air raid alerts across half of Ukraine.

Ukraine’s Air Force reported that 96 drones and three missiles were fired overnight, with air defense units intercepting 42 drones and redirecting 47 others. Officials in Mykolaiv confirmed missile strikes but did not report immediate casualties or major damage.

The ceasefire, which began on Saturday evening, was dismissed by Ukrainian President Volodymyr Zelenskyy as a mere political maneuver. He had called for an extended 30-day truce, arguing that a longer pause could foster genuine peace efforts. However, the Kremlin refused to prolong the ceasefire, leading to an immediate resumption of hostilities.

Both Moscow and Kyiv accused each other of violating the truce. Ukraine reported nearly 3,000 breaches, with Pokrovsk experiencing the most intense shelling. Meanwhile, Russia’s Ministry of Defense claimed Ukrainian forces fired on Russian positions 444 times and launched over 900 drone attacks, resulting in civilian casualties.

The renewed violence casts doubt on diplomatic efforts to secure a lasting ceasefire. U.S. President Donald Trump, who has been pushing for peace negotiations, expressed optimism that a deal could be reached “this week”. However, with both sides escalating attacks, the prospect of a long-term resolution remains uncertain.


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