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Carney says Middle East ceasefire a positive development

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A two-week ceasefire in Iran was welcomed by Prime Minister Mark Carney, who said Canada will work with allies to help resume traffic through the Strait of Hormuz. This could temporarily reduce shipping and oil supply-route risk, but Carney insisted any ceasefire or peace plan must also include Lebanon, highlighting limited scope and the potential for renewed regional tension after the short ceasefire.

Analysis

A two-week ceasefire in Iran was welcomed by Prime Minister Mark Carney, who said Canada will work with allies to help resume traffic through the Strait of Hormuz. This could temporarily reduce shipping and oil supply-route risk, but Carney insisted any ceasefire or peace plan must also include Lebanon, highlighting limited scope and the potential for renewed regional tension after the short ceasefire.

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