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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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Rubio’s Asia Debut Overshadowed by Trump’s Tariff Offensive

U.S. Secretary of State Marco Rubio made his first official visit to Asia this week, aiming to reaffirm Washington’s commitment to the Indo-Pacific region. However, the trip has been clouded by President Donald Trump’s sweeping tariff announcements targeting key regional allies.

Rubio joined foreign ministers from the Association of Southeast Asian Nations (ASEAN) in Malaysia, emphasizing that the Indo-Pacific remains a “focal point of U.S. foreign policy.” His remarks came amid growing concern over Trump’s decision to impose tariffs ranging from 25% to 40% on seven ASEAN members, including Malaysia, Indonesia, and Thailand.

The timing of the tariffs has sparked unease among U.S. partners, many of whom are questioning the administration’s diplomatic intentions. Rubio, who also serves as national security adviser, sought to reassure leaders that the U.S. remains a reliable partner despite the economic tensions.

Rubio’s itinerary included bilateral talks with Malaysian Prime Minister Anwar Ibrahim and a scheduled meeting with Russian Foreign Minister Sergei Lavrov. Discussions reportedly touched on trade, regional security, and the ongoing war in Ukraine.

While Rubio’s visit signals a renewed U.S. focus on Asia, analysts say the administration’s tariff strategy may undermine efforts to strengthen ties in the region. Only Vietnam has secured a deal to reduce its levy, while other nations brace for economic fallout.


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