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India Detains Three Sanctioned Tankers Linked to Iran

India has detained three oil tankers tied to Iran and already under U.S. sanctions, marking a notable escalation in its maritime enforcement efforts. The vessels were intercepted in Indian waters earlier this month after authorities identified irregularities in their operations and documentation. Officials familiar with the situation say the tankers were suspected of participating in ship‑to‑ship transfers designed to obscure the origin of their cargo. Such practices have drawn increasing scrutiny as India strengthens monitoring of its coastal zones and aligns more closely with global efforts to curb sanctions evasion. The detentions also come at a moment of deepening strategic cooperation between New Delhi and Washington. While India maintains an independent foreign policy, the move signals a firmer stance on illicit maritime activity and a willingness to enforce international compliance standards within its jurisdiction.

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Average Rent in Canada Hits All-Time High in 2024

 

According to a report by Rentals.ca, the average rent in Canada has reached an all-time high of $2,178 per month, showcasing an 8.6% increase from the same period in 2022 . The report also notes that the rental market will remain undersupplied in 2024, though a shift toward greater balance is expected . Rent growth is projected to converge toward its five-year average of approximately 5% .

The increase in rental costs shows no signs of slowing down, with one-bedroom purpose-built and condo rentals seeing the biggest increase (+13% YoY), averaging $1,850 . The average rent for two bedrooms came in at $2,192, while for three bedrooms, the average was reported at $2,413.

The outlook for renters in Canada in 2024 is not very optimistic, as the rental market is expected to remain tight. However, the report suggests that the rental market will become more balanced in the coming years.


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