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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...
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Canada Post and Postal Union Strike Tentative Deal, Strikes Suspended

 

            A Canada Post delivery truck is photographed in Hamilton on Tuesday, Aug. 26, 2025 


Canada Post and the Canadian Union of Postal Workers (CUPW) have announced they have reached agreements in principle after more than two years of contentious bargaining. The deal covers both the union’s urban carriers and its rural and suburban bargaining units, marking a significant step toward ending months of rotating strikes.

Under the terms of the agreement, CUPW has agreed to pause strike action, while Canada Post has suspended its right to impose a lockout. This temporary truce ensures that mail and parcel delivery will continue uninterrupted during the busy holiday season, a critical relief for businesses and households relying on timely service.

The agreements in principle mean that both sides have settled on the main points of new contracts, but the precise contractual language still needs to be finalized. Once completed, the tentative agreements will be put to a vote by CUPW members. Until ratification, the union retains the right to resume strike activity if negotiations stall.

The bargaining process has been fraught, with CUPW pressing for better wages, improved job security, and protections against structural changes, while Canada Post has sought reforms to stabilize its finances amid mounting losses. The Crown corporation recently reported its largest quarterly loss in history, raising concerns about long-term sustainability.

For now, the agreement signals a temporary resolution that averts further disruption during the holiday rush. However, the coming weeks will be crucial as both sides work to finalize the language of the contracts and secure member approval.

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