Canada’s retaliatory tariffs against the United States represent a familiar tactic in trade disputes, echoing previous responses like those enacted in 2002 regarding steel tariffs. While Ottawa frames aid packages as support, this action clashes with Canada's historical resistance to government subsidies predating 1988, highlighting an underlying tension between interventionist measures and market-driven principles. The current escalation builds upon a longer history of U.S.…

While Iran and Oman are reportedly discussing an "interim" reopening of the Strait of Hormuz, the details remain opaque, particularly regarding Iran’s broader demands beyond eased transit restrictions. A similar initiative in 2018 collapsed due to U.S. sanctions, highlighting a recurring obstacle that this agreement does not directly address. The potential for internal political resistance within Iran, specifically from hardliners viewing concessions as detrimental, adds…