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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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Tragedy at Hong Kong Airport as Cargo Plane Skids Off Runway

The cargo plane lies partially in the sea after veering off the runway during landing at Hong Kong International Airport in Hong Kong, China, October 20, 2025.

A cargo plane arriving from Dubai skidded off the runway at Hong Kong International Airport early Monday, killing two airport security staff in what officials described as the city’s deadliest airport accident in more than two decades.

The Boeing 747, operated by Turkish freight carrier ACT Airlines on behalf of Emirates, veered off the north runway during landing and collided with a patrol vehicle before plunging into the sea. The impact pushed the security vehicle into the water, where both staff members were later recovered. One was pronounced dead at the scene, while the other died in hospital.

All four crew members aboard the aircraft managed to escape without serious injury. Images from the scene showed the jet partially submerged near the airport’s seawall, its fuselage split and an emergency slide deployed.

The Airport Authority confirmed that the north runway has been closed while investigations continue. Officials have not yet determined the cause of the crash, though Hong Kong’s Civil Aviation Department is working with international agencies to examine flight data and wreckage.

The accident has shocked the aviation community, underscoring the risks faced by ground staff as well as flight crews at one of the world’s busiest cargo hubs.


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