Canadian Industry - The Globe and Mail

Iran insists on right to control Hormuz after ship hit near Oman

Iran warns Gulf states against siding with U.S. after strike on vessel threatens fragile ceasefire

MUSCAT, OMAN - JUNE 23: Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebanon and the need to clear the Strait of sea mines. On Sunday, U.S. Vice President JD Vance arrived in Switzerland for high-level talks with the Iranian delegation, as the two sides seek to clarify the terms of ending the war. (Photo by Elke Scholiers/Getty Images)

MUSCAT, OMAN - JUNE 23: Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebanon and the need to clear the Strait of sea mines. On Sunday, U.S. Vice President JD Vance arrived in Switzerland for high-level talks with the Iranian delegation, as the two sides seek to clarify the terms of ending the war. (Photo by Elke Scholiers/Getty Images)

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The House of Commons during a rain storm in London following the State Opening of Parliament in May.

The House of Commons during a rain storm in London following the State Opening of Parliament in May.

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Iraq weighing all options, including exit from OPEC, if production quota not raised, sources say

FILE PHOTO: Men work during the unloading of oil from trucks arriving from Iraq at the Baniyas oil terminal, in Baniyas, Syria, May 14, 2026. REUTERS/Mahmoud Hassano/File Photo

FILE PHOTO: Men work during the unloading of oil from trucks arriving from Iraq at the Baniyas oil terminal, in Baniyas, Syria, May 14, 2026. REUTERS/Mahmoud Hassano/File Photo

FILE PHOTO: Men work during the unloading of oil from trucks arriving from Iraq at the Baniyas oil terminal, in Baniyas, Syria, May 14, 2026. REUTERS/Mahmoud Hassano/File Photo

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Copper theft is the silent blight upon the Canadian economy

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Cut Bell Canada wire is shown in this photo from Jan. 3, 2026, after thieves stole about a kilometre of wire near Clarendon, N.B. THE CANADIAN PRESS/Handout - Bell Canada (Mandatory Credit)

Cut Bell Canada wire is shown in this photo from Jan. 3, 2026, after thieves stole about a kilometre of wire near Clarendon, N.B. THE CANADIAN PRESS/Handout - Bell Canada (Mandatory Credit)

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MUSCAT, OMAN - JUNE 23: Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebanon and the need to clear the Strait of sea mines. On Sunday, U.S. Vice President JD Vance arrived in Switzerland for high-level talks with the Iranian delegation, as the two sides seek to clarify the terms of ending the war. (Photo by Elke Scholiers/Getty Images)

MUSCAT, OMAN - JUNE 23: Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebanon and the need to clear the Strait of sea mines. On Sunday, U.S. Vice President JD Vance arrived in Switzerland for high-level talks with the Iranian delegation, as the two sides seek to clarify the terms of ending the war. (Photo by Elke Scholiers/Getty Images)

Iran insists on right to control Hormuz after ship hit near Oman

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The House of Commons during a rain storm in London following the State Opening of Parliament in May.

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FILE PHOTO: Men work during the unloading of oil from trucks arriving from Iraq at the Baniyas oil terminal, in Baniyas, Syria, May 14, 2026. REUTERS/Mahmoud Hassano/File Photo

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Cut Bell Canada wire is shown in this photo from Jan. 3, 2026, after thieves stole about a kilometre of wire near Clarendon, N.B. THE CANADIAN PRESS/Handout - Bell Canada (Mandatory Credit)

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A full-scale mock-up of a Candu reactor, housed in a building in Courtice, Ont. near the Darlington Nuclear Generating Station. OPG used the mock-up to train workers before they enter a radioactive environment.
photo was taken on Oct. 23, 2025. Photo by Matthew McClearn

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FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. REUTERS/Stringer//File Photo

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(FILES) US Federal Reserve Chairman Alan Greenspan speaks to the media in the Oval Office of the White House beside US President Bill Clinton on January 4, 1999 in Washington, DC. Greenspan, the longtime US Federal Reserve chief who presided over an unprecedented American economic expansion but was later faulted for failing to rein in financial markets before the 2008 global crisis, died on June 22, 2026, US media reported. (Photo by MARIO TAMA / AFP via Getty Images)

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