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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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EU Eyes ‘Reparations Loan’ for Ukraine Backed by Frozen Russian Assets

Ukraine would only pay back the reparation loan once it receives compensation from Russia for damage inflicted during the war.

The European Union is exploring a plan to channel billions from frozen Russian central bank assets into a new “reparations loan” for Ukraine, aiming to bolster Kyiv’s wartime finances while sidestepping a potential veto from Hungary.

Under the proposal, around €210 billion immobilised in Europe — much of it held as cash by Belgian securities depository Euroclear — would be swapped for zero-coupon EU bonds. The proceeds would be lent to Ukraine, with repayment required only if Russia eventually pays war damages.

The scheme, championed by European Commission President Ursula von der Leyen, is designed to avoid outright seizure of Russian assets, a legal red line for some member states. If Hungary refuses to participate, officials say a “coalition of the willing” could move ahead independently.

Supporters argue the plan could unlock long-term investment potential and provide immediate relief for Ukraine’s budget shortfall. Critics warn of legal risks and possible Russian retaliation, with Moscow threatening lawsuits against any country involved.

EU finance ministers are expected to discuss the proposal in the coming weeks, as Kyiv faces mounting funding needs and Western donors search for new ways to sustain support.


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