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Trump Tells Allies to ‘Take’ Oil from Strait of Hormuz Amid Rising Tensions

  Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance. U.S. President Donald Trump has escalated rhetoric over the ongoing crisis in the Strait of Hormuz, urging countries struggling with fuel shortages to “just take” oil from the disrupted waterway. His comments, delivered via Truth Social, targeted nations such as the United Kingdom and France, which he criticized for not participating in U.S.-Israeli military actions against Iran.  Trump argued that countries dependent on oil shipments through the strait should either purchase American oil or assert themselves militarily to secure their own supply. The month‑long conflict has sharply driven up global energy prices and nearly halted tanker traffic as Iran effectively closed the strategic passage.  Reiterating that the U.S. would no longer “fight for” nations that did not support its operations, Trump insisted the “hard part is done”...
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Economists Criticize Liberals' New Stimulus Package, Question Long-Term Impact

 

Canada’s Liberal government has unveiled a new stimulus package aimed at addressing economic uncertainty, but the move is drawing skepticism from economists who question its rationale and potential implications for fiscal policy.

The package, which includes targeted financial relief for low- and middle-income households, tax credits for businesses, and infrastructure investments, is designed to counter inflationary pressures and boost economic activity. However, experts warn that such measures may have unintended consequences.

“Introducing new spending programs in the current economic climate could exacerbate deficits and put additional strain on taxpayers in the long run,” said Kevin Milligan, an economics professor at the University of British Columbia. “It’s not good for tax policy to continually rely on temporary fixes.”

Critics also argue that the package lacks clear metrics for success and risks fueling inflation rather than curbing it. Others, however, defend the plan as necessary to support vulnerable Canadians amid rising costs of living and global economic uncertainty.

As Parliament debates the package, opposition parties have demanded greater transparency on how the funding will be allocated and its expected impact on Canada’s long-term economic health.


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