Your World Tonight Trump calls war “ very complete”, economic instability, ice fishermen rescued, and more
Mar 9, 2026
Paul Hunter, CBC Washington correspondent covering U.S. developments and the Middle East. Peter Armstrong, CBC energy reporter analyzing oil markets and gas prices. Jennifer Yoon, CBC Toronto reporter on the Georgian Bay ice-fishing rescue. They discuss the war’s trajectory and U.S. statements. They cover oil price shocks, rising gas costs and economic ripple effects. They recount the dramatic ice rescue and survivor accounts.
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U.S. Strategy Focused On Defanging Iran
- The U.S. frames the campaign as aimed at destroying Iran's missile, launch and naval capabilities.
- Paul Hunter reports senior U.S. officials say the objective is to defang the regime quickly, not occupy territory, shaping short-duration expectations.
Energy Shock And Market Volatility Explained
- Oil markets saw historic disruption as attacks hit energy infrastructure, driving spikes in crude and pump prices.
- Peter Armstrong notes traders became risk-averse, volatility rose, then prices eased below $90 after G7 reserve-talks were reported.
Prepare For Higher Oil Prices Ahead
- Expect sustained higher oil costs even after active fighting ends due to forward contracting and slower market recalibration.
- Heather Exner-Piro warns we likely won't return to previous $65 levels in the near months.