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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Flair Airlines Ordered to Pay $67 Million in Unpaid Taxes by Federal Government

                                                                                      

Documents show Flair Airlines, a Canadian budget airline, has been ordered by the federal government to pay $67.2 million in unpaid taxes. The money owed is related to import duties on the 20 Boeing 737 Max jetliners that make up the airline’s fleet. Court documents reveal that the Canada Revenue Agency has obtained an order for the seizure and sale of the carrier’s property.

Flair Airlines CEO Stephen Jones has stated that the company has a deal with the Canada Revenue Agency to pay the taxes and is current with that plan. The Federal Court order obtained by the tax agency in November has no impact on the carrier’s operations, which have expanded over the past year and ramped up competition with rival airlines.

The airline has been in the news recently for its legal battles with leasing manager Airborne Capital and three other leasing firms. Flair Airlines launched a $50-million court action against the four companies, arguing that ongoing demands for payment from the four companies were “baseless”.


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