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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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DC Fights Back: Attorney General Challenges Federal Control of Police Force

U.S. President Trump deploys the National Guard and federalizes the Metropolitan Police Department, in Washington.

The District of Columbia has launched a high-stakes legal battle against the Trump administration over what city leaders call an unlawful federal takeover of the Metropolitan Police Department.

Attorney General Brian Schwalb filed the lawsuit in federal court on August 15, arguing that President Donald Trump exceeded his authority under the 1973 Home Rule Act when he declared a local crime emergency and placed the city’s police force under direct federal control. The move, announced alongside the deployment of hundreds of National Guard troops, also installed Drug Enforcement Administration chief Terry Cole as “emergency police commissioner,” superseding the authority of Police Chief Pamela Smith.

Schwalb’s filing contends that the law only allows the president to request police services for limited “federal purposes” and does not permit a full-scale takeover. He called the action “the gravest threat to Home Rule DC has ever faced” and vowed to defend the city’s right to self-governance.

The Justice Department has not yet commented on the lawsuit, which sets the stage for a constitutional clash over the balance of local autonomy and federal power in the nation’s capital.

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