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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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A New Era in New York: Zohran Mamdani Sworn In as City’s First Muslim Mayor

Zohran Mamdani is sworn in as mayor of New York City, flanked by his wife Rama Duwaji and New York attorney-general Letitia James, at Old City Hall Station, New York.

Zohran Mamdani has officially begun his term as New York City’s 112th mayor, marking a historic milestone as the first Muslim to lead the nation’s largest city. The 34‑year‑old took the oath of office just after midnight in a decommissioned subway station beneath City Hall, placing his hand on a Quran during the ceremony.

In his inaugural address, Mamdani outlined an ambitious agenda centered on affordability, public transit, and expanded social services. He pledged to “govern expansively and audaciously,” reaffirming commitments to policies such as rent freezes, free bus service, and universal child care.

A public ceremony later in the day featured prominent progressive figures, underscoring Mamdani’s political roots and the coalition that propelled him to victory. The event also drew widespread attention online after a cultural performance went viral, highlighting the broader significance of the moment for many New Yorkers.

Mamdani’s rise from state assembly member to mayor has been described as unlikely, but his inauguration signals a shift in the city’s political landscape. As he begins his four‑year term, he faces major challenges, including housing affordability, transit reliability, and deep political polarization. Supporters view his election as a mandate for bold change and the start of a new chapter in New York’s history.


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