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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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Wall Street Opens Cautiously as Home Depot Kicks Off Retail Earnings Week

US stock futures were muted early Tuesday, with investors weighing a mixed set of signals ahead of a busy stretch for retail earnings. Dow Jones Industrial Average futures edged slightly higher, while S&P 500 and Nasdaq 100 contracts hovered just below the flat line.

Home Depot’s second-quarter results set the tone, showing revenue growth of nearly 5% year-over-year but narrowly missing Wall Street’s earnings and sales forecasts. The home improvement giant reaffirmed its full-year outlook, leaning on strength in its professional contractor segment even as DIY spending remains soft. Shares dipped in premarket trading before recovering some ground.

The retail spotlight now shifts to Target and Walmart, whose results later this week will offer a broader read on consumer resilience amid new US tariffs and shifting spending patterns.

Beyond earnings, traders are eyeing the Federal Reserve’s annual Jackson Hole symposium starting Thursday, where Chair Jerome Powell’s remarks could hint at the central bank’s next move on interest rates. With inflation still stubborn and the labor market showing signs of strain, the path forward remains uncertain — keeping Wall Street in a cautious stance.

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