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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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Prince Andrew Renounces Duke of York Title Amid Epstein Scandal

As well as no longer being known as the Duke of York, the UK's Prince Andrew will also give up other titles.

Britain’s Prince Andrew has formally relinquished his title of Duke of York and all associated royal honours after discussions with King Charles III. The move comes amid ongoing scrutiny of his ties to the late American financier and convicted sex offender Jeffrey Epstein.

In a statement released by Buckingham Palace, Andrew acknowledged that “the continued accusations about me distract from the work of His Majesty and the Royal Family.” He emphasized that the decision was made in consultation with the King and other family members, adding that he would no longer use his titles or honours.

Although he will retain the title of “Prince” by birthright, Andrew has now stepped further away from public life, having already withdrawn from royal duties in 2019. He continues to deny all allegations connected to Epstein but said he wished to prioritize his duty to family and country over personal standing.

The announcement marks one of the most significant steps yet in the royal family’s efforts to distance itself from the scandal, underscoring the lasting impact of Andrew’s association with Epstein.


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