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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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U.S. Limits Ukraine’s Use of Long-Range Missiles Amid Push for Peace Talks

 


The Pentagon has quietly restricted Ukraine from using U.S.-supplied long-range Army Tactical Missile Systems (ATACMS) to strike targets inside Russia, according to U.S. officials cited by the Wall Street Journal.

The policy, in place since late spring, requires high-level approval from Defense Secretary Pete Hegseth before any such strikes can be carried out. On at least one occasion, Kyiv’s request to use the missiles against Russian territory was denied.

The move comes as President Donald Trump grows increasingly frustrated over the lack of progress in ending the three-year war. His administration has sought to bring Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to the negotiating table, but talks have stalled.

Officials say the restrictions also apply to certain European weapons systems that rely on U.S. intelligence or components, such as the UK’s Storm Shadow cruise missile. While Trump has publicly argued that Ukraine cannot win without taking the offensive, the Pentagon’s review process remains in place, limiting Kyiv’s ability to strike deep into Russian territory.

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