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The Iran war appears to have ended (if it has ended) with a settlement that neither fully opens the Strait of Hormuz nor keeps it fully closed. The lingering doubts about the Persian Gulf as a source of energy for Europe and Asia, especially if Iran succeeds in its goal of charging tolls for passage, could be good news for Canadian oil and gas — if disaster can be averted.
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Russia and Ukraine accused each other on Sunday of breaching the 32-hour ceasefire in their four-year war, each reporting close to 2,000 drone and shelling attacks just hours after the truce began on Saturday to mark Orthodox Easter.
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Vice President JD Vance and Iranian officials both said significant differences remain in the quest for a deal that could bring a more permanent end to the war, though the fragile two-week ceasefire remains in place.
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Israel's campaign targeting Hezbollah in Lebanon has been a source of tension in the U.S.-Iran cease-fire. Israeli and Lebanese officials plan to meet for rare talks in Washington this week.
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Russia continued to strike Ukrainian positions with drones after a Kremlin-declared Easter ceasefire took effect Saturday, a Ukrainian military officer told The Associated Press, casting immediate doubt over the truce.
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