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đź“…May 8, 2026 at 1:00 PM
Escalating US-Iran clashes in Strait of Hormuz threaten ceasefire; Trump's tariffs ruled unlawful; EU-US trade talks stall; Russia warns of Ukraine strike; hantavirus spreads from cruise ship.
1

US and Iran Exchange Fire in Strait of Hormuz Amid Ceasefire Tensions

US destroyers reportedly came under Iranian missile and drone attack while passing through the Strait, prompting US counterstrikes on Iranian ports in Minab, Bandar Abbas, and Qeshm Island. Both sides claim the other fired first, but Trump insists ceasefire holds as oil prices waver. Explosions rocked Tehran with IRGC launching strikes on US warships. Source 1Source 2Source 3Source 6

2

Federal Court Rules Trump's 10% Global Tariffs Unlawful

A US federal trade court declared President Trump's 10% global tariffs unlawful in a narrow ruling for specific plaintiffs, dealing a blow to his economic agenda. The decision comes ahead of April payrolls data, with treasuries steady. Source 2

3

EU-US Trade Talks Fail on Tariff Elimination Deal

European Parliament and EU states failed to agree on eliminating tariffs on US industrial goods per the Turnberry agreement, despite US threats of 25% tariffs on EU cars. Cypriot presidency noted progress with safeguards against future Trump threats; new talks set for May 19. Source 1

4

IRGC Claims Missile and Drone Strikes on US Warships; Explosions in Tehran

Iran's IRGC launched anti-ship ballistic missiles, cruise missiles, and suicide drones at three US warships near Hormuz after accusing US of attacking Iranian oil tanker. Air defenses activated in Tehran amid blasts and fears of ceasefire collapse; attacks confirmed in southern ports. Source 6

5

Trump Insists Iran Ceasefire Intact Despite Gulf Clash

President Trump posted on social media affirming the ceasefire with Iran remains in place following the Hormuz exchange, as both nations downplay escalation and report calm. Washington awaits Tehran's response for potential war-ending deal. Source 3Source 2

6

Russia Warns of Possible Strike on Kyiv Ahead of May 9 Victory Day

Russia issued warnings of a potential strike on Kyiv on May 9, urging residents to evacuate, amid shifting psychological balance in Ukraine war. Analysts say Putin's defensive posture reveals fear of Ukrainians. Source 5

7

Global Efforts to Trace Hantavirus Passengers from Infected Cruise Ship

Multiple countries are tracing passengers who left a cruise ship hit by hantavirus, expanding the outbreak response. The issue was highlighted in CBC's May 7 broadcast. Source 4

8

Oil Prices Waver After US-Iran Clash in Gulf Waters

Oil markets fluctuated following the US-Iran military exchange near Hormuz, as markets await Tehran's response and potential ceasefire developments. A Chinese tanker was reportedly attacked amid rising tensions. Source 2Source 1

9

EU Safeguards in US Trade Deal Spark Member State Divide

EU Parliament added robust protections to the US deal against Trump threats like car tariffs or Greenland, but member states resist some despite broad support. Talks continue after failed round. Source 1

10

Carney's Plan to Accelerate Canadian Natural Resources Projects Draws Mixed Reaction

Mark Carney's proposal to speed up natural resources developments in Canada receives varied responses, covered alongside hantavirus and Franklin expedition news. Source 4