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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Tragedy on the Runway: Air Canada Pilots Killed in LaGuardia Collision

 

Debris hangs from the damaged Air Canada jet that had collided with a fire truck at New York's LaGuardia Airport Sunday night.

An Air Canada Express CRJ‑900 jet crashed into a fire truck while landing at New York’s LaGuardia Airport late Sunday night, killing both the pilot and co‑pilot and injuring multiple passengers. The aircraft, operating as a Jazz Aviation flight from Montreal with 72 passengers and four crew members on board, struck a Port Authority firefighting vehicle that had entered the runway moments before touchdown. 

The collision occurred around 11:40 p.m., prompting an immediate shutdown of LaGuardia Airport as emergency crews responded. Authorities confirmed that all passengers were accounted for, with more than a dozen sustaining injuries of varying severity. The airport is expected to remain closed until at least early Monday afternoon as investigators examine the circumstances leading to the fatal runway incursion. 

Early air‑traffic recordings captured urgent warnings from controllers moments before impact, including a call instructing the fire truck to stop. Officials from the Port Authority and federal aviation agencies are now working to determine why the emergency vehicle was on the active runway during the aircraft’s landing sequence. 

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