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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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EU Pushes Back After U.S. Tariff Ruling, Insists Trade Commitments Must Stand

 

                                            The European Union flag. 


The European Union has issued a firm response following a recent U.S. Supreme Court ruling that could open the door to higher American tariffs. EU officials stressed that Washington must honor existing trade agreements, warning that any unilateral increase in duties would violate commitments made between the two economic powers.

According to EU representatives, the bloc expects the United States to uphold the terms of previously negotiated deals, emphasizing that stability and predictability are essential for transatlantic trade. “A deal is a deal,” officials reiterated, signaling that the EU is prepared to defend its economic interests if necessary.

The Supreme Court decision has raised concerns in Brussels about potential shifts in U.S. trade policy. While the ruling does not automatically impose new tariffs, it grants the U.S. government broader authority to adjust them—an authority the EU fears could be used to revisit long‑settled disputes.

Despite the tension, EU leaders expressed hope that both sides will continue to prioritize cooperation. They noted that the transatlantic partnership remains one of the world’s most important economic relationships, and maintaining trust is crucial for navigating global challenges.


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