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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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Power Vacuum in Tehran After Reported Death of Iran’s Supreme Leader

 

                        A man holds a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei and the national flag.


A senior Israeli official has stated that Iran’s Supreme Leader, Ayatollah Ali Khamenei, was killed in a series of U.S.–Israeli strikes targeting leadership sites in Tehran. Satellite imagery reportedly shows heavy damage and smoke rising from Khamenei’s compound following the attacks. 

Multiple outlets, including Reuters and Al Arabiya, report that the strikes were part of a coordinated operation aimed at crippling Iran’s top leadership structure. U.S. President Donald Trump publicly confirmed Khamenei’s death, calling him “one of the most evil people in history” and framing the operation as a step toward ending what he described as a long‑standing security threat. 

Iranian state media has since acknowledged Khamenei’s death, announcing a 40‑day mourning period and signaling a moment of profound uncertainty for the country. The 86‑year‑old leader had ruled Iran for more than three decades, shaping its regional strategy and internal political order. 

Israeli sources also claim that several senior Iranian officials were killed in the same wave of strikes, suggesting a broader decapitation effort aimed at reshaping the strategic landscape in the Middle East. 

With confirmation now emerging from both Israeli and Iranian channels, the region faces a potentially volatile transition as Iran prepares for a succession process amid heightened military tensions.


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