Canada PM Carney Says Can't Rule Out Military Participation in Iran War

Canadian Prime Minister Mark Carney speaks to the media during a joint press conference with Australian Prime Minister Anthony Albanese at Parliament House in Canberra, Australia, 05 March 2026. EPA/LUKAS COCH
Canadian Prime Minister Mark Carney speaks to the media during a joint press conference with Australian Prime Minister Anthony Albanese at Parliament House in Canberra, Australia, 05 March 2026. EPA/LUKAS COCH
TT

Canada PM Carney Says Can't Rule Out Military Participation in Iran War

Canadian Prime Minister Mark Carney speaks to the media during a joint press conference with Australian Prime Minister Anthony Albanese at Parliament House in Canberra, Australia, 05 March 2026. EPA/LUKAS COCH
Canadian Prime Minister Mark Carney speaks to the media during a joint press conference with Australian Prime Minister Anthony Albanese at Parliament House in Canberra, Australia, 05 March 2026. EPA/LUKAS COCH

Canadian Prime Minister Mark Carney said Thursday that he couldn't rule out his country's military participation in the escalating war in the Middle East.

Carney's visit to Australia this week has been overshadowed by expanding war in the Middle East, sparked by a massive US-Israeli strike on Iran that killed its supreme leader, Ali Khamenei.

Speaking alongside local counterpart Anthony Albanese in Canberra, Carney was asked whether there was a situation in which Canada would get involved.

"One can never categorically rule out participation," he said, while stressing the question was a "hypothetical" one.

"We will stand by our allies," said Carney, adding that "we will always defend Canadians."

Carney had said the US-Israeli strikes on Iran were "inconsistent with international law".

However, he supports the efforts to stop Iran from obtaining a nuclear weapon -- a position that Canada takes "with regret" as it represented "another example of the failure of the international order".

The Canadian leader reiterated on Thursday his call for a "de-escalation" of the conflict.

Carney's trip is part of a multi-country tour of the Asia-Pacific aimed at reducing reliance on the United States -- a hedge against what he has described as a fading US-led global order.

The Australia leg of the tour is aimed at bringing in investment and deepening ties with a like-minded "middle power" partner.

- 'Middle power' rallying cry -

On Thursday morning he issued a rallying cry in Australia's parliament to "middle powers", urging them to work together in an increasingly hegemonic world order.

Nations like Australia and Canada faced a stark choice -- work together to help write the "new rules" of the global order or have great powers do it for them, he said.

"In this brave new world, middle powers cannot simply build higher walls and retreat behind them. We must work together," he said.

"Great powers can compel, but compulsion comes with costs, both reputational and financial," the former central banker added.

"Middle powers like Australia and Canada hold this rare convening power because others know we mean what we say and we will match our values with our actions."

The Canadian leader also said the two countries would together as "strategic collaborators" to pool their vast combined rare earth mineral resources.

And he detailed renewed cooperation in areas from defense to artificial intelligence.

"We know we must work with others who share our values to build solid capabilities," he told parliament.

Otherwise, he warned, they risked being "caught between the hyperscalers and the hegemons".

The Canadian leader has frequently clashed with US President Donald Trump, who has repeatedly threatened to annex Canada and slapped swingeing tariffs on the country.

In a speech to political and financial elites at the World Economic Forum in January, Carney warned the US led global system of governance was enduring "a rupture".



Pezeshkian Says he Recently Met with the Supreme Leader

Women walk past a banner depicting Iran's current supreme leader Mojtaba Khamenei along a street Tehran on May 6, 2026. (Photo by AFP)
Women walk past a banner depicting Iran's current supreme leader Mojtaba Khamenei along a street Tehran on May 6, 2026. (Photo by AFP)
TT

Pezeshkian Says he Recently Met with the Supreme Leader

Women walk past a banner depicting Iran's current supreme leader Mojtaba Khamenei along a street Tehran on May 6, 2026. (Photo by AFP)
Women walk past a banner depicting Iran's current supreme leader Mojtaba Khamenei along a street Tehran on May 6, 2026. (Photo by AFP)

Iran’s President Masoud Pezeshkian said he met recently with Supreme Leader Mojtaba Khamenei, state media reported ⁠on Thursday, offering ⁠a first public account of him ⁠meeting Khamenei after the latter suffered severe wounds at the start of the US-Israeli war on Iran.

The ⁠meeting ⁠was marked by a "humble and deeply cordial" atmosphere, Pezeshkian was reported as saying.

Khamenei, reportedly wounded in strikes on the first day of the Middle East war that claimed the life of his father and predecessor Ali Khamenei, has released only written statements since his appointment.

"What struck me most during this meeting was the vision and the humble and sincere approach of the supreme leader of the Islamic revolution," Pezeshkian said in a video broadcast by state television.


US and Iran Inch towards Short-term Deal to End Fighting

This US Navy handout photo released on May 4, 2026, by US Central Command Public Affairs shows US sailors conducting maintenance on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) at sea on April 15, 2026. (Photo by US NAVY / AFP)
This US Navy handout photo released on May 4, 2026, by US Central Command Public Affairs shows US sailors conducting maintenance on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) at sea on April 15, 2026. (Photo by US NAVY / AFP)
TT

US and Iran Inch towards Short-term Deal to End Fighting

This US Navy handout photo released on May 4, 2026, by US Central Command Public Affairs shows US sailors conducting maintenance on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) at sea on April 15, 2026. (Photo by US NAVY / AFP)
This US Navy handout photo released on May 4, 2026, by US Central Command Public Affairs shows US sailors conducting maintenance on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) at sea on April 15, 2026. (Photo by US NAVY / AFP)

The United States and Iran are edging toward a limited, temporary agreement to halt their war, sources and officials said on Thursday, with a draft framework that would stop the fighting but leave the most contentious issues unresolved.

The emerging plan centers on a short-term memorandum rather than a comprehensive peace deal, underscoring deep divisions between the two sides and signaling that any agreement at this stage would be an interim step.

Hopes that even a partial deal could lead to the reopening of the Strait of Hormuz have already moved markets, with global stocks approaching record highs on Thursday and oil prices nursing steep losses on bets that supply disruptions could ease.

Tehran and Washington have scaled back ambitions for a sweeping settlement as differences persist, particularly over Iran's nuclear program — including the fate of its highly enriched uranium stockpiles and how long Tehran would halt nuclear work.

Instead, they are working toward a temporary arrangement aimed at preventing a return to conflict and stabilizing shipping through the strait, the sources and officials said.

"Our priority is that they announce a permanent end to war and the rest of the ‌issues could be thrashed ‌out once they get back to direct talks," a senior Pakistani official involved in mediation between the two sides ‌told ⁠Reuters.

The proposed framework ⁠would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz and launching a 30-day window for negotiations on a broader agreement, according to the sources and officials.

A Pakistani source and another source briefed on the mediation said a one-page memorandum to formally end the conflict was close, though gaps remain between the sides.

TRUMP OPTIMISTIC, IRAN SCEPTICAL

US President Donald Trump, who has repeatedly played up the prospect of a breakthrough since the war began on February 28 with US-Israeli strikes on Iran, struck an optimistic tone.

"They want to make a deal... it's very possible," he told reporters at the White House on Wednesday, adding later that “it’ll be over quickly.”

The proposal would formally end the conflict in which full-scale warfare was paused by a ceasefire announced on April 7. But it leaves unresolved key US demands that Iran suspend its ⁠nuclear program and reopen the Strait of Hormuz, the sources said.

Israel, which has also been fighting Iran-backed Hezbollah in ‌Lebanon, said on Thursday it had killed a Hezbollah commander in an airstrike on Beirut a day ‌earlier, the first Israeli attack on the Lebanese capital since a ceasefire there was agreed last month.

Hezbollah triggered its latest conflict with Israel by opening fire in support of Iran ‌on March 2. A halt to Israeli strikes in Lebanon is another key Iranian demand in Tehran's negotiations with Washington, and Iranian officials signaled skepticism over the ‌US proposal to end the wider war.

A foreign ministry spokesperson said Tehran would respond in due course, while lawmaker Ebrahim Rezaei described the proposal as "more of an American wish-list than a reality."

Iran's parliament speaker Mohammad Baqer Qalibaf appeared to mock reports that indicated the two sides were close, writing on social media that “Operation Trust Me Bro failed” and portraying the negotiations as US spin following its failure to reopen the strait.

DEAL HOPES DRIVE OIL DOWN, SHARES RISE

Reports of a possible agreement caused global oil prices to shed roughly 11% on Wednesday, ‌with benchmark Brent crude trading at around $98 a barrel on Thursday.

Global share prices also rose and bond yields fell on optimism about an end to a war that has disrupted energy supplies.

"The contents of the US-Iran peace ⁠proposals are thin, but there is an expectation ⁠in the market that further military action will not take place," said Takamasa Ikeda, a senior portfolio manager at GCI Asset Management.

MILITARY, REGIONAL TENSIONS

Trump on Tuesday paused a two-day-old naval mission aimed at reopening the blockaded strait, citing progress in talks.

The US military has kept up its own blockade on Iranian ships in the region. US Central Command said forces fired at an unladen Iranian-flagged oil tanker on Wednesday, disabling the vessel as it attempted to sail toward an Iranian port.

KEY DEMANDS LEFT OUT

The source briefed on the mediation said the US negotiations were being led by Trump's envoy Steve Witkoff and son-in-law Jared Kushner. If both sides agreed on the preliminary deal, that would start the clock on 30 days of detailed negotiations to reach a full agreement.

The sources said the memorandum did not mention several key demands Washington has made in the past, which Iran has rejected, such as the restrictions on Iran's missile program and an end to its support for proxy militias in the Middle East, including Hezbollah.

The sources also made no mention of Iran's existing stockpile of more than 400 kg (900 pounds) of near-weapons-grade uranium — one of Washington's central concerns.


South Korea, US to Hold High-level Defense Meeting on Wartime Command

The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. (US Army/Handout via Reuters)
The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. (US Army/Handout via Reuters)
TT

South Korea, US to Hold High-level Defense Meeting on Wartime Command

The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. (US Army/Handout via Reuters)
The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. (US Army/Handout via Reuters)

South Korea and the US will hold a high-level defense meeting in Washington on May 12-13 to discuss ‌the transfer ‌of wartime ‌operational ⁠control of their combined ⁠forces on the Korean peninsula, the South Korean defense ministry said ⁠on Thursday.

The ‌Korea-US ‌Integrated Defense Dialogue (KIDD) ‌is normally held ‌ahead of the two countries' defense ministers' meeting, where ‌the allies discuss defense posture against ⁠North Korea. ⁠The two countries plan to transfer the command of the combined forces during wartime, now held by the US, to South Korea.