UN Security Council voting on 2 resolutions about conflict in Middle East

UN certificate Council votes on 2 islamic republic of iran outline resolutions

Fact check: Old video of missile attack in Israel

'This is a nightmare,' says woman in Beirut after strike near home

U.S. Threatens to increase strikes on Iran if oil tankers attacked

Israeli attacks force 700,000 from homes in Lebanon

‘Iranians are done with the regime’: Iranian Canadian on Middle East unrest

Canadians fleeing war in Middle East arrive in Saudi Arabia

Anand says Canada to co-sponsor UN resolution condemning Iran's strikes on Gulf states

3 cargo vessels hit in Strait of Hormuz

How high will the U.S.-Israel war with Iran push gas prices? | About That

Could the new supreme leader be a 'reformer' for Iran?

White House says oil prices will drop once Iran war objectives are achieved

Israel warns of imminent attacks on Tyre, Sidon in Lebanon

Trump delivers mixed messages about ending war on Iran

Poilievre condemns 'political violence of any kind' after gunfire targets Toronto's U.S. Consulate

'I want to stay here for my students,' says Canadian in Lebanon

Trump say he 'doesn't know enough' about Iran school strike

War may end with Iran regime intact, radicalized, says former MI6 chief

Canadian with family in Lebanon describes 'very emotional' time

What people in Iran are telling us about the war

Israel's offensive in Lebanon has killed more people and further displaced others across large swaths of the country.

Iran vows to hit banks in the Middle East and to continue to increase pressure, as the Iranian public has yet to hear from the newly-appointed leader who is reportedly injured.

Some oil reserves will be opened as U.S. Stocks hold relatively steady even as crude oil prices rise again.

The second resolution before the council, authored by the Russian Federation, deals with attacks against civilians and infrastructure. 

Ahead of a vote on that resolution, one of Iran's neighbouring countries spoke about how the conflict has disrupted life there. 

Pakistan's representative Asim Iftikhar Ahmad said the country's fuel supplies have been affected, several aviation ways have been disturbed and at least two Pakistanis have lost their lives in strikes on the U.A.E. 

"The consequences of the conflict we are witnessing right now are clear … this is a conflict that never should have happened," Ahmad said. 

The UN Security Council is voting on two draft resolutions about the conflict in the Middle East this afternoon. 

The first resolution was brought forward by Bahrain on behalf of the Gulf Cooperation Council, which represents several Gulf states including Qatar, Saudi Arabia and the U.A.E. It calls for an end to missile and drone attacks by Iran against their countries. 

The resolution was adopted, with 13 members voting in favour and two members — China and Russia — abstaining. No members voted against it. 

Bahrain's representative Jamal Fares Alrowaiei thanked the council for taking a clear stance and rejecting attacks against the Gulf states.

Carney spoke with G7 leaders today about the ongoing hostilities in the Middle East.

The leaders, including U.S. President Donald Trump, discussed "the global economic implications of the crisis," according to a readout from the meeting. They also collectively supported the IEA decision to release 400 million barrels of oil from emergency stocks in light of the conflict.

Carney specifically talked about the issue of protecting shipping in the Strait of Hormuz, the readout said.

"Prime Minister Carney emphasised Canada's support for efforts to safeguard international shipping and ensure freedom of navigation," it says.

The International Energy Agency is recommending the release of oil from strategic reserves to help stabilize rising oil prices, but Russia stands to benefit from an energy market in turmoil. 

The cost of its heavily sanctioned oil has surged over the past two weeks, and comes as the country is grappling with growing budgetary problems. 

According to data from the Russia's Finance Ministry, its state oil and gas revenues fell by 44 per cent in February this year compared to last. However, oil markets changed drastically after Feb. 28, when the U.S. And Israel started launching strikes on Iran.

On Monday, U.S. President Donald Trump told reporters that sanctions were going to be eased on "some countries" to help with supply, but didn't get into specifics. 

Earlier, Washington allowed India to buy Russian crude that was already on tankers at sea to help with supply shortages. 

Sergei Pikin, the Moscow-based director of the Energy Development Fund, said he doubts that Trump is about to lift all sanctions on Russian oil. Still, he expects that overall the energy crisis could be good for Russia's budget. 

"This really plays into Russia's hands, because Russia continues to supply what it has to China, India and a number of other countries."

Russia's 2026 budget assumes that it can sell its crude for $59 US per barrel. 

Reuters reported that two weeks ago it was being sold for $45 a barrel — and on Monday, when prices spiked, it was being offered at $76 a barrel.

Could Canada fill the Iran war oil supply gaps?

With the Iran war threatening to upend much of the world's oil and gas supply from Gulf states, experts say there could be a big uptick in demand for Canadian energy products, but Canada's limited ability to get the products to market could be an obstacle.

vim regime minister Tim Hodgson told reporters the government is in " fighting(a) discussions" with the canadian river energy industry about how to contribute to the world's supply of oil, but didn’t provide any tangible details.

"We expect to say more in the next day or two," he said, adding Canadian producers are already at capacity and could only increase output by delaying downtime.

Industry players provided me with background information showing around 250,000 additional barrels of oil could be added to Canada's current pipelines. But doing so would take weeks, if not more than a month, to implement.

Even more crude oil can be transported by railway, but experts told me last week that because oil-by-rail is more expensive, international prices might have to stay at least above $80 a barrel.

At the time we spoke, prices weren't that high. But oil-by-rail may now look more attractive if international prices stay where they are or jump more. 

There's no public indication more train-based energy is coming. 

But when asked how oil could get from Alberta to Canada's east coast, Hodgson said there were "different solutions... One of them would be rail."

Israel's offensive in Lebanon has killed more people and further displaced others across large swaths of the country.

Iran vows to hit banks in the Middle East and to continue to increase pressure, as the Iranian public has yet to hear from the newly-appointed leader who is reportedly injured.

Some oil reserves will be opened as U.S. Stocks hold relatively steady even as crude oil prices rise again.

At least five Palestinians in the occupied West Bank have been killed in settler attacks since the U.S.-Israeli attacks on Iran began on Feb. 28, according to the Palestinian Health Ministry.

Rights groups and medics say Israeli settlers are taking advantage of curbs on movement, which were imposed since the onset of the war with Iran.

Israel's military blocked many West Bank roads with iron gates and mounds of earth on the first day of the war and has largely shut crossings with Israel, Reuters reports, preventing ambulances from reaching victims quickly.

Palestinians in remote West Bank villages say the roadblocks are leaving them increasingly exposed to settler ​violence.

A man also died after inhaling tear gas fired during an attack, according to Israeli human rights group B'Tselem.

Israel's military said the curbs are "pre-emptive measures" while it is carrying out deadly airstrikes on Iran and against Hezbollah in Lebanon, which has fired missiles at Israel ​in solidarity with Tehran.

Iran presents its supreme leaders as pious and austere, at one with the people. The reality for Mojtaba Khamenei is quite different.

He is said to own property along The Bishops Avenue in London, a.k.a. "Billionaire Row;" Emirates Hills, the "Beverly Hills of Dubai;" and upscale European hotels from Frankfurt to Mallorca.

Then there's the penthouse in Toronto's Four Seasons Private Residences — sold for $10.5 million in 2020.

We know about this thanks to an exhaustive investigation by journalists at Bloomberg, who determined the 56-year-old Khamenei does not put properties in his own name, but through proxies and investment firms.

Their total known value is at least $200 million, but is more likely in the billions of dollars.

"It's symptomatic of a technocratic regime which is enhancing its own wealth and power at the expense of its people," Ben Cowdock with anti-corruption non-profit Transparency International UK told me.

"They've been able to amass massive amounts of property while people in Iran have been suffering the economic consequences."

Khamenei has been under U.S. Sanctions since 2019. The main businessman tied to his property empire is also under sanctions. So such property acquisitions and ownership shouldn't be possible.

Cowdock says it shows why sanctions enforcement needs to be much stronger.

How high will the U.S.-Israel war with Iran push gas prices? | About That

Oil and gas prices are rapidly rising around the world amid the U.S.-Israel war with Iran. Andrew Chang explains what's driving the surge and why predicting the next moves in the oil market is so difficult. Fudge factor ( process 11, 2026): At 2:36 in this picture, the computer graphic wrong states Iran holds 298 billion barrels of oil reserves. The correct number is 209 billion. Images provided by The canadian river press out, Reuters and Getty Images

I'm Anis Heydari, a Calgary-based senior concern newsman. We've been keeping come together watch on how the blocked Strait of Hormuz is affecting the energy industry in Canada, and the prices Canadians pay to get around.

Kentucky-based petroleum analyst Matt McClain told me this morning that Canadians should not expect gasoline or diesel prices at the pump to drop as a result of 400 million extra barrels of oil.

"I don't see the strategic reserve releases causing any kind of a major blip on the radar," he said, less than an hour after the International Energy Agency made the release official.

He does point out Canadians and Americans won't have to worry about fuel itself running short, because there are enough supplies on this continent. But because prices are still driven by global oil markets, don't expect the wallet to take a lighter hit.

Even if oil prices start to drop, expect gasoline prices to take weeks (or longer!) to drop.

"All of that more expensive fuel that was paid for at a higher price point needs to be exhausted," he said. 

Regardless, we're not at that point. As of Wednesday morning Calgary time, international oil prices in both the U.K. And U.S. Weren't really dropping as a result of the emergency reserve announcement.

Iran has reportedly started laying sea mines in the Strait of Hormuz, making it even less likely oil tankers and other cargo vessels will move through the economically critical waterway — and raising the chances gas prices will increase further.

Earlier today, three vessels were hit by what U.K. Maritime Trade Operations said were unidentified projectiles in and around the waterway.

Iranian forces are believed to have thousands of sea mines, and can lay them using smaller boats which have not yet been destroyed by airstrikes.

Some are moored to the sea floor and float just below the water's surface. A passing ship making contact with the mine would cause detonation. That would likely sink the vessel or cause it to catch fire.

The more advanced mines are harder to detect and remove. Influence mines often sit well below the surface and detonate when they detect a ship's magnetic, acoustic or pressure signature. 

If Iran has placed influence mines, it could take weeks to find them and remove the danger.

Finally, limpet mines are attached to a ship by divers, often under the cover of darkness.

It is a bold move because closing the Strait of Hormuz would also prevent their own oil exports from leaving Iranian ports for major customers like China. That's why some analysts believe a widespread use of sea mines would demonstrate a last stand by Iran.

But Iran has used sea mines in a past conflict — during their 1988 war with Iraq.

---

---