Tav's Headline News Reviews - Weekly Roundup June 20th - Episode #156

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Join Tav as he breaks down the biggest news stories of the week, separating fact from fiction and giving you the inside scoop on what's really happening. From politics and current events to social issues and more, Tav's BIG News Review is your go-to source for in-depth analysis and commentary. Tune in each week for a fresh perspective on the news that matters most. Whether you're looking for a deeper understanding of the latest headlines or just want to stay informed, Tav's got you covered. So sit back, relax, and get ready to stay up-to-date on all the latest news and developments.

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Transcript

SPEAKER_03 0:07

Thanks for joining us on Saturday, June the 20th, 2026. This is the weekly roundup, and here are the stories that we're going to be talking about today. Story number one is Canada attended the G7 this past week, gave us an opportunity to project ourselves as a middle power and a stable supplier of energy. It also gave us an opportunity, or the Prime Minister of Canada, an opportunity to speak to different leaders of the G7 and to discuss big issues like the Ukraine war, the East, and the global economy. Story number two that we're going to talk about is this historical so-called deal between the United States and Iran, which shocked most of the world. The backlash has already started even before the ink has even dried. We'll talk about that. Number three is the Ukraine war. Time to give us sort of an update on what's going on. But there's been an event that's occurred this past week in that Ukraine war that could be a tipping point in the war, and we'll talk about that. Story number four is the oil crisis suddenly has taken a reverse turn, uh, I guess because of the planned peace agreement between Iran and the US. And we'll talk about the situation with oil and oil supply. Finally, story number five is a tragic that killed five children in the province of Ontario here in Canada. An unthinkable tragedy, and we'll talk about that. Prime Minister attended the G7 this past week and was trying to promote critical minerals defense and supply chain to the other leaders of the G7. The Prime Minister indicated that he had had several discussions with different leaders and have sort of announced or some partnerships with other countries in regards to defense and critical minerals. The prime minister was asked repeatedly if he had any quality time with the president of the United States, Donald Trump. And he did. He indicated he did. And uh one of the things was that if you look at the screen on the upper left clip, you can see that the prime minister is leaning into the president of the United States, basically explaining his our Canada's deal with China regarding those EVs that are landing here in Canada, and told the president that there was a 3% cap on that and there wouldn't be any more EVs led into the country. Whether that held any water with the president, I don't know. But it didn't look like he had any formal discussions with the president. When the prime minister was asked about formal discussions, he deferred to his trade team, uh, Minister LeBlanc, said that there were discussions happening behind the scenes. But from all the reporting I've read, there really wasn't very much uh discussions on Kuzma or anything like that. Or I think it was more irritants transmitted back to Minister LeBlanc, which caused the discussion with the president by the Prime Minister of Canada. I will be playing a sort of a clip of a news conference that the prep prime minister gave at the end of the G7. Canada is trying to turn the natural resources into a global into a global issue and projecting that Canada is an energy superpower and can meet the needs of everyone, uh, provided we can get it out to the market. So, all in all, it was just a regular G7 meeting. Nothing really exciting came out of it, other than the president of the United States actually signed the joint statement by all the leaders in the G7, which had a few things in that joint statement, uh like the support of Ukraine, the Ukraine war in Ukraine, um, which sort of surprised everybody that the president uh signed that joint statement. If you remember the last G7, he left early from the one that Prime Minister Kearney had hosted in Calgary in Banff. And uh and then but this time he didn't leave early, he stayed um there for the entire G7 meeting. I did find watching the video and watching the interactions between the leaders that the president seemed a little bit off. I don't know if it's physical or he was just not interested or didn't really want to be there. I don't know what it is, but there's something off by the president, just seemed was it didn't seem his regular self. He did a lot of sitting and not walking around and um talking to everybody. It seemed a little bit too formal on his part, and he seemed a little bit subdued. So I did find that a little bit uh a little bit interesting. I mean, Canada continues to push its angle uh on energy for for all kinds of minerals and obviously oil and uh natural gas. Canada definitely, the prime minister wants to project, he wants Canada to be seen as a secure economic and and military power to support the rest of the G7 countries. And I think he he achieved that objective. Uh, but really, these G7s, does anything really come out of this? This is basically a meeting to just discuss different issues and to sort of gauge where every the position of every country and uh to have some just a general formal reflections about what's going on and what the plan is and sort of have a meeting of the minds. And I think that was achieved.

SPEAKER_02 5:15

Yes, to your second uh part of your question. Uh the first part of the question. Let me let me give the context to that, uh, which is taking the lessons, and one of the points that I made in the in the room uh in our discussions around Iran and geopolitics was we have to apply the lessons. Um one of the lessons deep insight, but it's important that we actually apply it is diversification. We've all seen the impact, uh, including on Canadians with higher gas prices, but uh more globally. So there's diversification within that region. New pipeline and other infrastructure, so not all energy is coming out through the strait. There is some of that, but there's not enough of that. So there's intention to build out a series of uh energy infrastructure there. Canada has the ability to do several things, and we're on the path to do several things, one fifty megatons of uh LNG by the end of the year. You're already seen with the German uh updates for the silence project. Uh we have two uh German objects, there's other European objects in the work uh for Canadian LNG, and then as well uh expansion of TMX pipeline, which is a project that will go ahead. Uh the discussions with Alberta on the implementation agreement and new pipeline, pipeline to the West Coast, uh Celco, which is the pipeline uh into the US. Uh so we can total those up. It's a material amount of additional energy that Canada can provide both of natural gas. And this is juste from Western Canada. Particularly from Western Canada. Obviously, there's other alternatives in the east. So uh it's quite substantial, and it's important to uh our European partners, and it's important to our Asian partners. It was raised with me uh in a number of our bilaterals.

SPEAKER_03 7:11

Story number two is this historical deal that the United States uh with Iran, and apparently it was supposed to be signed in on Friday yesterday. Uh, I think it was either in Geneva or in Switzerland, if I recall. That didn't happen. The Iranians didn't show up, the United States didn't show up. The president did sign the agreement on open TV during the G7 in front of the G7 leaders, and they all congratulated him. Of course, what else are they gonna do? And he held it up to show everybody that was signed. The Iran uh President Iran held up the fully executed agreement on TV. So that memo of understanding, so no deal has been made. Let's be clear on this. There's no agreement. All there is is a memo of understanding. So what that is is the conditions within this memo of understanding, as long as those conditions are met and continue to be met, then we can move on to the actual formal negotiations, and that's supposed to take place over a 60-day period. Now, this could be a major peace breakthrough, uh, or it could be debacle. And as of reports of right now, this morning, I heard that the Israelis have been attacking Hezbollah targets in Lebanon, and the Lebanese government doesn't have control of that situation. And in the memo of understanding, that's one of the conditions. So I want us to take a look at those conditions under the memo of understanding. Let's take a look at them now. And I'll flip the page. Here it is. So these are the four main conditions of the memo of understanding. So number one is the straits, they have to be reopened. From what I've heard and read, the straits are open and ships are flowing through there unrestricted. That's the initial reporting that I'm seeing. Number two is the United States needs to end its blockade of Iranian ports. According to the president of the United States, those ports are unblocked and oil is flowing from Iran to the rest of the world. So those two conditions have been met. Condition number three is Iran says there has to be an end to the fighting in Lebanon or end to the fighting period, including Lebanon, which wasn't part of the deal the first time, but now it is. That has not, that condition there has not been met. They're still fighting in Lebanon, and I just don't see how that's gonna end. Uh, and then the third condition is Iran's nuclear program talks to follow later. Uh for me, I guess you can call that a condition, but that's gonna be part of that negotiation over 60 days. I don't see this whole thing. It it sounds like a mess. The president of the United States is under extreme pressure. He's coming up on the midterms. If the Republicans lose the House or the Senate, all we're gonna hear next year is impeachments of the president and investigations. It's gonna be a craziness circus again. Um, he's under pressure to get the economy back up and running. Um, this is a good first step because we're gonna talk about oil in a uh in the next segment, and oil is flowing, uh, but still the cost of living in the United States is still high as it is in Canada. So there's a lot of pressure on the president. I think the Iran's playing the long game. They realize that the president's under a lot of pressure and he could be losing power in November. And they're hoping that once President Trump leaves, if they can stay in survive all this, the Iranians, the Iranian government, they it will they can outlast the president, and that will be they'll get a new president, and maybe they're hoping that maybe the next president will be more inclined to make better deals or be weak and they can take advantage of them. So that's the situation right now with the Iranian and US so-called quote unquote peace deal.

SPEAKER_04 10:33

It was at this very moment at a lavish dinner in France some Republicans believed their president signed away victory to the enemy. These fools who think I haven't been tough enough on Iran Trump hit back are either jealous, bad people, or stupid. The idea that he is going to strike a deal that's been bad for the American people, it's preposterous. This new agreement, though, gives it a bigger financial windfall, including a welcome back into the economic fold and marks the official end of the U.S. blockade. That Iran's president sold to his country as a reflection of the voice of a nation that did not trade its dignity and independence.

SPEAKER_02 11:06

There's no giveaways here. There's no trust here. It's all verification, and the War Department stands behind it all.

SPEAKER_04 11:13

The 800 words in the MOU fixes a problem of America's own making, and is now a living document of what the U.S. didn't achieve. While G7 leaders lauded this first step, Israel's prime minister has remained silent after being forced to simply accept what was handed to him.

SPEAKER_03 11:28

The story number three is the Ukraine war. We haven't really talked about the Ukraine war on my channel for quite a while, but there's been a really significant development in this war. Besides that Ukraine, Ukraine has been making slow and incremental advances on the front. Uh hasn't really amounted to much. It hasn't really changed the look of the battlefield. But one thing that has changed is since I'd say the last couple of months is the Ukraine military is now attacking deep into Russia. And they're not just hitting energy targets like oil refineries and electrical grid and transportation grids. They're now accidentally hitting civilian targets, which now is is very dangerous. And that's what's occurred. And I'm going to show you a map of the areas that were hit just recently with drones. Um, as we know, and we've been hearing the Ukraine military has made major advances in the drone, their drone industry, the development of drones, and they're also now helping some of the Middle East countries defend against Iranian drones. Um, I think the uh Ukraine just signed a major uh agreement with Qatar or maybe Saudi Arabia to work with them to help defend their countries against drones. But you Ukraine is is basically sending a message to Russia that it's no longer untouchable. It's Ukraine has proven that they can reach any part of Russia with their drones. Rest assured the Russians are working on anti-drone capabilities uh intensely. But the problem is that this could escalate the war even further, although they are still talking about peace agreements in this war. There'll never be a peace agreement in there. I just can't see it unless one of these countries start um start getting in a situation where they can't continue the war any further due to the lack of supplies or or funding. Um they just hate each other, especially uh President Putin and President Zelensky, they just hate each other so much that there's so much bad blood there that that war is not gonna end. And these attacks now um inside Russia is just gonna escalate things and things are gonna get mess words. The takeaway here for you guys is this nothing's really changed on the battlefield. The battlefield, what Russia has, had before, still has it, maybe a few miles here, a few miles there. Ukraine military hasn't really shown any capability of taking back what they've lost. I still think that Odessa is the key to the war. If Russia was ever to take Odessa, that'd be the end of Ukraine because they would not have access to their ports and be able to get their, they'd be landlocked and that'd be the end of that country economically. It wouldn't be stable. And then they would have to put their entire military force against whatever is down there in Odessa to take it back, and that would be very problematic for Ukraine. But the war still goes on. We still uh Europe now is bleeding a lot of money into that battle. The United States is now a supplier through NATO. They don't supply anything direct anymore to Ukraine, it all goes through NATO. NATO then supplies it to Ukraine, and Trump gets paid for everything he supplied. Um and uh there's still support there for Ukraine, Russia. You know, I said before Russia in World War II lost tens of millions of people in World War II. The numbers, if you look at the numbers of what they lost in World War II versus this war that they're fighting right now, it's just a scratch in the surface. They have shown Putin has shown he doesn't really care about um how much they lose. It's the principle of taking back this country that they lost when they were the Soviet Union. So this war will continue on. Nothing I haven't been reporting on it because there hasn't been any major change in it. But this one here, where now Ukraine is attacking Russia deep inside Russia. This is this could be potentially a big problem. It could escalate the war even further. How? I don't know, but I'm sure the Russians are thinking of something to do to make it even worse. They have been, every time they strike Ukraine, they're outdoing themselves on each strike and and destroying more and killing more people, believe it or not, and hitting them hard with more ordnance, missiles, and drones. They're hitting apartment buildings. And now let's take a look at the map of where the drones strike deep into Russians. So here is the map, and you can see it's right around Moscow, the capital of Russia. And that's another reason why I'm saying that this is very uh concerning as far as escalating the war. I know you're gonna say, well, the Russians have been attacking Ukraine and their cities, but the Ukraines have always been restricted from using weapons and attacking into Russia. And when you attack into when you're attacking, you know, uh, you know, it's precision munition munitions, but sometimes they they they run astray and they hit a school, they hit a uh building and kill people, and and that's not good. But that this is this is concerning because now it's right in the capital, as you can see where red square is in the middle there. It wasn't too far away from where where they uh they hit. I don't know if you've noticed that the pump story number four is the oil crisis has now suddenly been a 180, and that's because of this quote unquote US Iran deal that's occurred with the expectations that the straits will now open up and oil will start flowing as normal through the straits. It'll take a while for the supply chain to start getting back to the way it was. In Canada, I don't see the price of oil going down below $1.50, below that. There might be certain occasions that it will, but I think that that's basically going to be the norm at $150 based on everything I've read. But I think what it really uh shows, and I think the Prime Minister of Canada expressed this at the G7, is that it really shows how the world is exposed to these kinds of things, where so some country decides to cut off a supply link and all of a sudden everyone in the world is suffering over it. Prices are coming down. How fast they come down will depend on how the supply chains start building up. But we need to, you know, as the prime minister said, countries in the in in the uh Gulf need to find other ways to transport their their materials and supplies to the rest of the world. And we can't have one country that just decides to block the straits and all of a sudden prices of the oil of oil go up all over the world and cause havoc in the economies of different countries. Oh I uh it's good news. Let's see if it if it lasts. At least there'll be some relief now with the oil prices and gas prices for all of us. And for President Trump, it's very important because he needs to get that uh price per gallon in gasoline down and the states down as fast as possible. That's the number one thing that's everybody is complaining about, the setting aside the cost of living as regards to groceries and other uh products in the United States. So this is for the United States, it's very important. For Canada, this is good news, and it will will help us at the at the pumps, and this is real good news. This final story that happened tragically in the province of Ontario here in Canada of these five children that were killed in this accident, the auto accident, it took place in the township of uh Mapleton in Ontario, that's up north. And there were other people injured, not just the kids that died. Uh let's continue to investigate, so we have to be cautious about you know laying blame on anybody. I did hear different reports, and I'm not going to talk about them. Let the police do their job and find out what really happened. But more importantly, the reason why I put this here is, you know, five kids died. And this highlights the you know, we've had accidents in rural areas where there's only two lanes on a on a highway. And it, you know, vehicles are going at 100 kilometers an hour, 80 kilometers an hour. You know, it doesn't take much for one to be able to make a mistake and we got to head on. Or a vehicle to go off a off the road onto a onto a swale, into the ditch, roll over, kill everybody inside. It just highlights the fact that we have an issue on these roads where there are little towns all over the place, and those roads are not safe. And some of them are not well maintained, and some of them are too narrow as far as the distance between the the going off-road off of the the main road onto the swell or the ditch. Um, I can attest to that. I I've had my vehicle get stuck and go off-road onto the ditch there, and I had a truck with a four by four, and I still wasn't able to get out of that ditch. Now, given that it's even more dangerous when there's snow covering the ditch, you can't see the ditch, you can't see the edge of the road, and that's what happened to me. But it just highlights that you know, we need to take a look at these roads and see if we can do something to make them safer because there's no lighting up there uh at all. Those rural roads, I know I've traveled them, there's no lighting up there. Those roads are not lit up, only the headlights on your vehicle light up the road, and you have all kinds of things that could happen on those roads that are dangerous, um, and you got to be completely alert. And in particular, the intersections, because usually there's no lights at the intersection, it's just a stop sign. And it's easy for someone at night to just not be paying attention to run that intersection and run into another vehicle or if God forbid a truck gets into an accident with a vehicle. I mean, it it's always tragic, but five kills, five kids were killed, little ones, little kids were killed in this accident, and it should be a wake-up call for everyone.

SPEAKER_00 20:14

It was determined that there were 11 individuals involved. Ten people were in a passenger van, and one individual in a sport utility vehicle. Tragically, five children lost their lives.

SPEAKER_03 20:28

So those are the five stories that basically were the main stories that I picked up on this week. I hope you enjoyed this uh and you get some benefit from it. Don't forget to leave your comments and your your opinions on any one of these stories. I really appreciate it and I will reply. Don't forget to subscribe so you don't miss my uh the episodes on the weekly roundup. And um, don't forget to hit the bell icon, it helps the channel. Thanks for watching, be safe, and we'll see you on the next