live Iran condemns new U.S. sanctions as ‘economic terrorism’
Iran has condemned new U.S. sanctions as “economic terrorism” and “crimes against humanity”, accusing Washington of pursuin...
As global leaders gather in Kananaskis, Alberta, for the 2025 G7 Summit, newly elected Canadian Prime Minister Mark Carney faces a pivotal moment.
With Canada hosting amid overlapping global crises, Carney is navigating an increasingly volatile landscape while trying to establish his international leadership credentials. Here are five key dynamics shaping this year's summit:
1. Iran Conflict Disrupts Carney's Agenda
Carney had intended to centre the summit on economic resilience, North American trade reform, and decreasing Canadian reliance on the U.S. However, escalating tensions with Iran—now dominating the summit—are testing his ability to lead diplomatically. G7 consensus on Iran will be difficult, especially with diverging positions on sanctions and regional security.
2. Managing Trump’s Volatility
Carney’s interactions with President Donald Trump are under intense scrutiny. Trump’s history of upending summits—including the infamous 2018 G7 walkout in Quebec—looms large. Carney must walk a fine line: showing strength without alienating Trump, who remains a divisive figure in the G7. Their one-on-one meeting on Monday morning will set the tone.
3. Forest Fires, AI, and Critical Minerals Top Canada’s Agenda
Despite distractions, Canada is pushing focused outcomes:
4. No Final Communiqué: Avoiding Charlevoix 2.0
To prevent another summit collapse, such as the one in 2018, Canada has scrapped the traditional final communiqué, instead opting for short joint statements on key topics. Carney has publicly stated his lesson from the past: "Be consistent—what you say in private, say in public."
5. A Tense Guest List and Global Optics
Carney’s invitation list includes controversial attendees:
India’s PM Narendra Modi, amid unresolved fallout over the killing of Sikh leader Hardeep Singh Nijjar in Canada;
Ukraine’s President Zelenskyy, advocating for stronger anti-Russia sanctions;
Mexico’s President Claudia Sheinbaum, meeting Trump for the first time;
Carney has emphasized broad global inclusion, inviting leaders from South Africa, Brazil, Indonesia, South Korea, and Australia to address emerging global power dynamics.
In Summary:
This G7 is more than a summit—it's a stress test for Carney's leadership and Canada's role on the world stage. With trade, conflict, and climate all colliding, the stakes are high, and the spotlight is firmly on the host.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
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Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least sixteen people and injured more than forty others, Ukrainian officials said, with fires reported across the city and Poland activating defensive air operations.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
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South African human rights and environmental groups have urged the government to block Israeli-linked Navitas Petroleum from acquiring a stake in a major offshore oil block, citing concerns over the war in Gaza and environmental risks.
Israel and Colombia will waive advance visa requirements for travellers from 1 September as the two countries move to restore diplomatic and economic relations following years of tensions over the war in Gaza.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
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