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Iran–U.S. Gulf Strikes Escalate: What It Means for Your Canadian Wallet

  The Persian Gulf is on edge again — and this time, the ripple effects are showing up at Canadian gas pumps and grocery stores. On Wednesday, June 3, Iranian drones struck Kuwait's main airport, temporarily shutting it down and killing one person. The U.S. military struck back, targeting an Iranian military ground control station on Qeshm Island in the Strait of Hormuz. It is the latest in a series of back-and-forth military exchanges that are pushing a fragile ceasefire to the breaking point. What Is Happening Right Now? Iran's paramilitary Revolutionary Guard confirmed it targeted U.S. military facilities — including the headquarters of the Navy's 5th Fleet in Bahrain — in retaliation for American strikes on Iranian territory. The U.S. responded with strikes on Qeshm Island. Meanwhile, semiofficial Iranian news agencies reported that Tehran has halted communications with ceasefire mediators, saying it wants the fighting in Lebanon resolved before any broader truce can be...
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Senate to Decide Fate of Funding Bill as Shutdown Deadline Looms


In a dramatic turn of events, the U.S. House of Representatives approved a crucial funding bill just hours before the midnight deadline, sending it to the Senate for immediate consideration. The bill, which passed with a vote of 366-34, aims to temporarily fund federal operations and provide disaster aid, but notably excludes an increase in the debt ceiling as demanded by President-elect Donald Trump.

House Speaker Mike Johnson emphasized the importance of avoiding a government shutdown, especially during the holiday season, while acknowledging the challenges posed by Trump's last-minute demands. The bill now faces a critical test in the Senate, where its passage is expected but not guaranteed.

As the clock ticks down, all eyes are on the Senate to see if they can act swiftly enough to prevent a shutdown that would disrupt federal services and impact millions of Americans.




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