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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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Canada Joins Global Shift Toward Palestinian Statehood Recognition

 

                                    Canadian Prime Minister Mark Carney speaks, alongside Foreign Affairs Minister Anita Anand,  

Prime Minister Mark Carney announced that Canada will formally recognize a Palestinian state at the United Nations General Assembly this September, joining France and the United Kingdom in a growing international push for a two-state solution amid the ongoing crisis in Gaza.

Carney emphasized that Canada’s recognition is contingent on the Palestinian Authority implementing key reforms, including holding general elections in 2026 and ensuring Hamas plays no role in the future governance of Palestine. He also stated that Palestinian Authority President Mahmoud Abbas has committed to demilitarizing the proposed state.

“Canada will always steadfastly support Israel’s existence as an independent state in the Middle East, living in peace and security,” Carney said. “But any path to lasting peace for Israel also requires a viable and stable Palestinian state”.

The announcement comes amid mounting humanitarian concerns in Gaza, where starvation and displacement have reached catastrophic levels. More than 60,000 Palestinians have died since Israel’s retaliatory campaign began following Hamas’s October 2023 attacks.

Israel has strongly condemned Canada’s decision, calling it a “reward for Hamas” and warning that it undermines efforts to reach a ceasefire and secure the release of hostages still held in Gaza.

Canada’s move reflects a broader shift in Western diplomacy, as global leaders seek new avenues to resolve one of the world’s most intractable conflicts.

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