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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 Strike Kills Lebanese Soldiers Amid Paris Aid Conference

 

An Israeli airstrike in southern Lebanon has resulted in the deaths of three Lebanese soldiers. The incident occurred as France hosted an international conference in Paris aimed at rallying support for Lebanese state forces, which are considered crucial for any diplomatic resolution to the ongoing conflict between Israel and Hezbollah.

The Lebanese soldiers were reportedly evacuating wounded individuals near the village of Yater when the strike took place. This area has been heavily targeted by Israel during its month-long offensive against Hezbollah, a conflict that has escalated in the wake of the Gaza war.

The Paris conference, led by French President Emmanuel Macron, seeks to mobilize humanitarian aid and bolster the Lebanese military, which has been significantly impacted by the conflict. The Lebanese army, trained and armed by the United States, plays a vital role in maintaining peace and stability in the region.

U.S. Defense Secretary Lloyd Austin has expressed concerns over the safety of Lebanese troops and urged Israel to take measures to protect both the Lebanese army and the UN peacekeeping mission in Lebanon. Since the start of hostilities in 2023, 13 Lebanese soldiers have been killed on active duty, with an additional 16 losing their lives while off duty.

The Paris meeting is expected to reinforce the importance of UN Security Council Resolution 1701, which ended the 2006 war between Hezbollah and Israel and calls for the deployment of the Lebanese army in southern Lebanon.


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