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Gulf War Flare-Up: What the Latest U.S.–Iran Strikes Mean for Your Wallet

  The three-month-old war between the U.S.–Israel coalition and Iran escalated again this morning. Here's a plain-English breakdown of what happened — and what it means for your gas tank and grocery bill. What Happened on June 6? U.S. forces struck Iranian coastal radar sites on Saturday, June 6, after shooting down drones launched by Iran toward the Strait of Hormuz, according to the U.S. military. The U.S. military believes the four Iranian drones were targeting regional maritime traffic. U.S. Central Command said it struck Iran's surveillance sites in Goruk and Qeshm Island, both located on the Strait of Hormuz. Iran did not take that lying down: Iran's Revolutionary Guard Corps said it had targeted U.S. bases in Kuwait and Bahrain in retaliation and fired on four tankers attempting to cross the strait without its permission. U.S. forces also helped shoot down incoming Iranian missiles and drones directed at Kuwait and Bahrain — a barrage of seven ballistic missiles in t...
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Trump Slaps Extra 10% Tariff on Canada After Ontario Ad Sparks Fury

President Donald Trump speaks with reporters as White House press secretary Karoline Leavitt listens aboard Air Force One at Al Udeid Air Base in Doha, Qatar, Saturday, Oct. 25, 2025. 

U.S. President Donald Trump announced Saturday that he will impose an additional 10-per-cent tariff on Canadian imports, escalating tensions with America’s northern neighbor. The move comes in response to an Ontario government advertisement that Trump blasted as “fraudulent” and “hostile”.

The ad, part of a $75‑million campaign, featured former U.S. president Ronald Reagan criticizing tariffs. It aired during Game 1 of the World Series, despite Trump’s demand that it be pulled immediately.

“Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump wrote on his social media platform Truth Social.

Ontario officials have since confirmed the ad will be removed, but the president’s announcement signals a sharp escalation in trade tensions. The tariff hike follows Trump’s earlier decision to suspend trade talks with Canada over the same issue.

Economists warn the move could further strain cross-border trade, with Canadian exporters bracing for higher costs and potential retaliation.


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