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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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Coalition Crisis Deepens as Netanyahu Faces Ultra-Orthodox Revolt

Israeli Prime Minister Benjamin Netanyahu is grappling with a fresh political crisis after the ultra-Orthodox United Torah Judaism (UTJ) party announced its departure from the ruling coalition over a contentious military conscription bill.

The dispute centers on long-standing exemptions from mandatory military service for ultra-Orthodox seminary students—a privilege increasingly criticized by secular Israelis, especially amid the ongoing war in Gaza. UTJ’s resignation, set to take effect within 48 hours, leaves Netanyahu with a razor-thin one-seat majority in the Knesset. The larger Shas party, also ultra-Orthodox, may follow suit, potentially stripping the government of its parliamentary control.

This political shakeup comes at a critical juncture, as ceasefire negotiations with Hamas continue in Qatar. Netanyahu is under pressure from far-right coalition partners who oppose any truce, while public fatigue over the 21-month conflict grows.

Despite the turmoil, Netanyahu may still have time to broker a compromise. Parliament’s upcoming summer recess offers a temporary reprieve, giving the prime minister several months to stabilize his coalition before any formal collapse.



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