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Tensions have risen again in the Middle East, with reports saying that Iran has closed the Strait of Hormuz. The development of this strait, which is a major route for global oil transportation, has caused serious concern at the international level.
US President Donald Trump has warned that he will impose tariffs on ships passing through the Strait of Hormuz if a deal with Iran fails. The statement, amid rising tensions in the Middle East, has sparked a new global debate. Trump's statement on the Strait of Hormuz, one of the world's most important oil shipping routes, is likely to affect international trade and energy markets.
India is on track to become the world's third largest economy, and keeping this growth in mind, Canada has expressed interest in reaching a free trade agreement with India.
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