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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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Turkey Calls for Islamic Unity Against Israel’s Gaza City Plan

 

                                    A Palestinian boy carries a stroller at the site of an Israeli strike on a house, in Gaza City


In a strong diplomatic appeal, Turkish Foreign Minister Hakan Fidan urged Muslim nations to unite in opposition to Israel’s proposed takeover of Gaza City. Speaking at a joint press conference in El-Alamein, Egypt, alongside Egyptian Foreign Minister Badr Abdelatty, Fidan emphasized the urgency of coordinated action through the Organisation of Islamic Cooperation (OIC), which has been summoned for an emergency meeting.

Fidan described Israel’s plan as a dangerous escalation, accusing it of aiming to displace Palestinians through starvation and permanent occupation. Egypt echoed Turkey’s condemnation, with Abdelatty calling the move “inadmissible” and warning of its destabilizing impact on the region.

The OIC Ministerial Committee issued a statement denouncing the plan as a violation of international law and a threat to any future peace efforts. Meanwhile, international mediators from Egypt, Qatar, and the United States continue to push for a ceasefire between Israel and Hamas.

Israel has rejected these characterizations, maintaining that its actions are in response to Hamas’s October 2023 attack, which claimed 1,200 lives.

This latest diplomatic push underscores growing concern among Muslim-majority nations over the humanitarian and geopolitical consequences of Israel’s Gaza strategy.

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