Prime Minister Mark Carney’s Liberal Party narrowly missed a majority in Canada’s Parliament, securing 169 of 343 seats amidst challenges from the Conservative Party, which won 143. The election was heavily influenced by President Trump’s tariffs on Canadian goods, shifting public sentiment and leading to Carney’s success despite being a first-time candidate. Moving forward, Carney must navigate a challenging agenda while defending Canada against potential economic repercussions from U.S. policies, emphasizing the need for cooperation as independent nations.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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