On April 17, 2026, the Maltese-flagged tanker Agios Fanoulios I, which had been sailing in the Strait of Hormuz, arrived in Iraqi territorial waters off the coast of Basra, Iraq. Reuters/Mohamed AtiMohamed Ati/Reuters
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Iran reimposes restrictions on Strait of Hormuz, US continues blockade
A ship sails through the Strait of Hormuz off the coast of Oman’s Musandam province on April 12.Stringer/Reuter
A day after Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz had opened, Iran reversed its original policy and reopened the waterway.
The reimposed restrictions are in response to the U.S. blockade of Iranian ships and ports. During the seven-week war, Iran has banned all but authorized vessels from sailing. US President Donald Trump said Friday he was in favor of opening the strait, then said the US blockade would “completely continue” no matter what Iran does until a deal is reached.
The ceasefire between the United States and Iran appeared to be holding, but the ups and downs over the strait, through which about a fifth of the world’s oil typically passes, have highlighted how easily it could fall apart.
All four Rogers brothers challenge compensation to executors, including Larry Tannenbaum, from their mother’s estate
Loretta Rogers attends the Loretta Rogers family’s $130 million donation announcement in Toronto on November 20, 2014.Chris Young/Globe and Mail
All four of Loretta Rogers’ children are contesting $11 million in damages being sought by the administrator of her $250 million estate, legal documents reveal, adding to the growing battle over control of the telecom matriarch’s assets.
Rogers’ will authorizes trustees Lawrence Tannenbaum, Mary Filippelli and Jim Reed to receive anticipated compensation at “reasonable” intervals and also allows them to charge professional fees and hourly rates for services rendered. It also protects members of the Rogers family from legal costs should they be sued for enforcement of the estate.
The $11 million compensation requested is below the standard guideline of a 5% fee on assets under management, but Rogers’ son Edward filed a formal challenge in March, arguing that the total amount was “not fair or reasonable.” He noted that the compensation being sought equates to nearly $4,000 an hour.
Canada is lagging in the global drone race. But it won’t last long
Volatus Aerospace CEO Glenn Lynch at the company’s offices in Vaughan, Ont., March 12.Sammy Corgan/Globe and Mail
Without a war being waged on the nation’s doorstep to foster innovation, the Canadian military remains lacking some of the critical technologies needed to fight on the modern battlefield. But Canadian drone innovators, including Volatas Aerospace Corporation, are racing to seize that moment in the air, on land and in the water.
The federal government has identified
Unmanned autonomous systems are one of the 10 sovereign capabilities we want to build in the country. All of these companies are headquartered in Canada and are already manufacturing driverless vehicles at home and abroad, and are ready to meet domestic demand.
ReKam is a fixed-wing unmanned aerial vehicle designed for multiple use cases. It is payload independent and, depending on its configuration, can be used for everything from intelligence, surveillance and reconnaissance to electronic warfare and anti-drone missions. The platform can be launched in a variety of ways and has a range of 500 kilometers.
INKAS’ Heemar unmanned ground vehicle is designed for casualty evacuation, cargo transport and mine-laying, although separate attachments are required for the latter use. It is remotely controlled and has a range of 45km and a top speed of 16km/h. As a transport platform it can carry up to 350 kilograms and as a mine layer it can carry up to 16 mines.
Globe and Mail, Source: SENTINEL RESEARCH AND DEVELOPMENT;
Kraken Robotics. Incas Aerospace and Defense
The federal government has identified
Unmanned autonomous systems are one of the 10 sovereign capabilities we want to build in the country. All of these companies are headquartered in Canada and are already manufacturing driverless vehicles at home and abroad, and are ready to meet domestic demand.
ReKam is a fixed-wing unmanned aerial vehicle designed for multiple use cases. It is payload independent and, depending on its configuration, can be used for everything from intelligence, surveillance and reconnaissance to electronic warfare and anti-drone missions. The platform can be launched in a variety of ways and has a range of 500 kilometers.
INKAS’ Heemar unmanned ground vehicle is designed for casualty evacuation, cargo transport and mine-laying, although separate attachments are required for the latter use. It is remotely controlled and has a range of 45km and a top speed of 16km/h. As a transport platform it can carry up to 350 kilograms and as a mine layer it can carry up to 16 mines.
Globe and Mail, Source: SENTINEL RESEARCH AND DEVELOPMENT;
Kraken Robotics. Incas Aerospace and Defense
The federal government has identified
unmanned autonomous system
This is one of the 10 sovereign functions we want to build in the country. All of these companies are headquartered in Canada and are already manufacturing driverless vehicles at home and abroad, and are ready to meet domestic demand.
ReKam is a fixed-wing unmanned aerial vehicle designed for multiple use cases. It is payload independent and, depending on its configuration, can be used for everything from intelligence, surveillance and reconnaissance to electronic warfare and anti-drone missions. The platform can be launched in a variety of ways and has a range of 500 kilometers.
INKAS’ Heemar unmanned ground vehicle is designed for casualty evacuation, cargo transport and mine-laying, although separate attachments are required for the latter use. It is remotely controlled and has a range of 45km and a top speed of 16km/h. As a transport platform it can carry up to 350 kilograms and as a mine layer it can carry up to 16 mines.
Globe and Mail, Source: SENTINEL RESEARCH AND DEVELOPMENT;
Kraken Robotics. Incas Aerospace and Defense
Prime Minister Mark Carney intends to spend heavily on defense, aiming to allocate 5 per cent of gross domestic product to the sector by 2035. And according to Ottawa’s new Defense Industrial Strategy, unmanned and automated systems are one of 10 key areas that are sure to benefit. Add to this the fact that the commander of the Canadian Armed Forces, Lieutenant-General Michael Wright, has repeatedly said he wants to “flood” the military with drones as it undergoes a major modernization effort, sparking a gold rush spirit in Canadian industry.
“Everyone knows that drones are the new war. Where once the rifle was the first line of resistance, now it’s the last line,” Volatus CEO Glenn Lynch said.
Anthropic’s AI models are helping industry and governments quickly harden their defense hatches.
Evan Solomon, Minister of Artificial Intelligence and Digital Innovation, at Parliament House in Ottawa on Monday.Adrian Wilde/Canadian Press
Have you ever used Claude AI? Well, the new version may become unavailable soon. Anthropic announced last week that it has decided not to make its powerful new model, Claude Mythos AI, publicly available due to potential misuse by hackers.
Organizations are rushing to identify and address system vulnerabilities before threat actors can easily exploit them using Mythos. According to Anthropic, the AI has already discovered thousands of vulnerabilities, including in “all major operating systems and web browsers.”
Canada’s AI Minister Evan Solomon met with human stakeholders on Tuesday. Anthropic has made preview versions of Mythos available to U.S. companies like Apple and Amazon to better protect their critical digital infrastructure, but it’s unclear whether Canadian organizations were given the opportunity to test the model.
Experts warn against canceling trips early as dwindling jet fuel supplies derail travel plans
The International Energy Agency warned on Thursday that European airlines could face jet fuel shortages by June if the Strait of Hormuz remains closed.Stefano Lerandini/AFP/Getty Images
If you are traveling to Europe or Asia in the coming weeks, you may face flight interruptions or cancellations due to reduced global jet fuel supplies. However, travel and aviation experts are warning passengers not to cancel flights mid-way.
Airlines still have a contractual obligation to transport passengers to their destinations. “The reservation requirement is not going away. It’s not going away,” Gabor Lukacs, president of the advocacy group Air Passenger Rights, told the Globe’s Marija Postelniak. “Even if there was an act of war.”
If an airline cancels a passenger’s flight due to lack of fuel, the airline must still offer the passenger the option of a refund or rebooking on the next available flight, including with competitors.
What prompted Texas Attorney General Ken Paxton to launch an investigation into Canadian fashion company Lululemon?
a. Accusations that shopping bags contain political messages
b. Reports of supporting immigration promotion groups
c. Concerned that harmful chemicals are being used
d. Suspicion of discrimination against men
c. Paxton is investigating Lululemon over the possibility of harmful chemicals being used in its clothing. But the Vancouver-based activewear company announced it stopped using so-called “permanent chemicals” more than two years ago.
The remaining questions are: Click here for weekly business and investment news quizzes, and prepare for the next week Globe investment calendar.
