Your World Tonight - Trump calls war “ very complete”, economic instability, ice fishermen rescued, and more

Episode Date: March 9, 2026

U.S. President Donald Trump says the war in the Middle East is “very complete, pretty much.” He says the U.S. is far ahead of its initial estimate of four to five weeks.And: Oil prices surge to their highest level since 2022 — to well over $100 a barrel before dropping. The war-driven escalation is sparking fears of a worldwide economic shock. The costs are already being felt in Canada, with increased prices at the gas pump, and could soon ripple out to the supply chain, affecting groceries and deliveries.Also: About two dozen people were rescued after a piece of ice they were fishing on separated from shore in Georgian Bay and started floating away.Plus: Live Nation settlement, house debates the war, and more.

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This is a CBC podcast. We are in uncharted territories here. We've never really seen the straight of former's close ever. As fighting rages in the Middle East and Iran appoints a new leader, there's a financial war zone taking shape on global markets, a historic disruption in the world's oil supply, volatile ups and downs, fears of a prolonged war, as the U.S. president hints about looking for a way out.

He was for the attack. Then he said he regretted his support. The Prime Minister has taken four different positions on the war in the Middle East in four days. Parliament Hill is also grappling with the conflict, Canada's position and the potential for Canadian military involvement. MPs get their chance to weigh in in a special debate tonight in Ottawa. Welcome to your world tonight. I'm Susan Bonner. It is Monday, March the 9th, just before 6 p.m. Eastern, also on the podcast. That ain't good. Many people weren't calling to say goodbye. Like saying, you know, tell the kids I love them.

Stranded on the ice, freezing and floating away. A fishing trip in Ontario nearly turns deadly, the rescue and the risks when the temperature rises. Two major pillars of Donald Trump's agenda are the economy and foreign policy. Both are showing cracks. Gas prices across. the U.S. have ballooned and his war with Iran has no off-ramp. But that could be changing.

The president is now signaling an end to the conflict could come sooner than later. Paul Hunter leads us off tonight with the details. As U.S. airstrikes continue in the skies over Iran, and even as U.S. President Donald Trump is now saying the war is, quote, very complete, what's playing out overseas is hitting home back in the U.S. A seventh U.S. soldier has now died from wounds suffered during the fighting. On that, U.S. Secretary of State Marco Rubio. Both to offer our thoughts, our prayers, and our condolences, and to honor the families of those who have fallen,

the seven Americans who have lost their lives in the initial hours of this operation. But meanwhile, the war's impact on shipping lanes in the Persian Gulf, blamed for what's described as the biggest disruption for global oil supplies in history, sending the price of crude oil surging, showing up at gas stations throughout the U.S., where the price at the pump has spiked. On average, up more than 50 cents a gallon since the war began, something the White House has been watching closely,

with prices, affordability, and the economy broadly likely to be front and center for voters in the coming midterm elections. The goals of this mission are clear. Rubio, today, restating the Trump administration's reason for the war in the first place. important to continue to remind the American people of why it is that the greatest military in the history of the world is engaged in this operation. It is to destroy the ability of this regime to launch missiles, both by destroying their missiles and their launchers, destroy the factories

that make these missiles, and destroy their Navy. I think we are all seeing right now the threat that this clerical regime poses to the region and to the world. And besides, said U.S. Energy Secretary Chris Wright on the weekend, in the worst case, this is weeks. This is not months, and it leads to a much better place. It leads to an Iran that's defanged. Indeed, in no small way, the U.S. political fallout depends how long the whole thing lasts. Paul Hunter's CBC News, Washington. As Paul mentioned, the chaos and danger unfolding across the Middle East is reflected in the dramatic swings on global stock and energy markets. It's also having that major impact on gasoline prices and Canada is no exception. Peter Armstrong looks at what happens next.

Thick columns of dark gray smoke billow from a refinery in Bahrain hit this morning by Iranian airstrikes. Energy infrastructure has been clobbered by Iran's attacks. Each new target deepens anxiety, drives up the cost of energy, and makes a path out of this mess harder and harder. As oil prices skyrocketed over the weekend, gasoline, prices everywhere rose in tandem. In the U.S., average prices have climbed to $3.50 a gallon. In Canada, the average price surged to $1.55 per liter. Those soaring costs are painful for all Canadians, but do mean some higher royalties for oil-producing provinces. We are in uncharted territories here. We've never really seen the Strait of Homer's

close ever. That's Jeremy McCrae, managing director of energy research at the Bank of Montreal. He says everyone is trying to figure out what comes next. So this volatility is causing a lot of unknown risk. Where do we go from here? And when you have oil traders trying to become war experts, the unknown risk comes out. And that's why we're seeing the prices and volatility as much as we're seeing today.

Oil dropped back down below $90 a barrel by the end of the day, driven at least in part by word that G7 countries would tap their reserves to flood some supply back into the market. market. G7 finance ministers said they were ready to take necessary measures to support global supply, but stopped short of doing it now. Speaking to sailors on an aircraft carrier in the Mediterranean, French President Emmanuel Macron warned there are real risks of escalation at this point in the conflict. This, as the French government considers sending ships to escort tankers through the Strait of

Hormuz. Any deployment of French assets, he said, would be strictly defensive. As the war enters its second week, off-ramps remain scarce. Futures markets show traders still believe the conflict will likely end soon without much further escalation. Energy economist Heather Exner Piro from the Business Council of Canada says even once the shooting war ends, it will take time for energy markets to recalibrate. And so oil will be more expensive in the coming months. It already is in kind of forward contracts.

as a result of this. We aren't going to go back to the levels, you know, the $65 that we saw last month. Stock markets rallied this afternoon, ending the day well into positive territory. But if the last week has taught us anything about what the next week might look like, it's that almost no one has a firm grasp on what comes next. Peter Armstrong, CBC News, Toronto. The war and the volatility that it's causing is also fueling some heated debate in Ottawa. MPs are meeting tonight to discuss the conflict and the effect the crisis is having on Canadians. Olivia Stefanovic has the details.

After a one-week break, MPs are back in the House of Commons and seized with the Iran war. Mr. Speaker, while we support Iran from ever obtaining a nuclear weapon, this support is not a blank check. Foreign Affairs Minister Anita Anand tasked with explaining the federal government's position. including the United States and Israel must respect the rules of international engagement. While some of her colleagues go even further to condemn the escalating conflicts. I think it's an illegal war. Selma Zaid is a liberal MP from Toronto. We are losing innocent lives, that attack on young girls.

Meanwhile, the opposition is urging the government to pick a clear side. Depending on which day it is, the answer changes. Ellis Ross is a conservative MP from British Columbia. Well, I'd like to know what Canada's message is because Canada's flip-flopping. The Prime Minister has taken four different positions on the war in the Middle East in four days. Conservative leader Pierre Pahliev is leading the charge on that accusation at tonight's take-note debate in the comments, criticizing Prime Minister Mark Carney for initially expressing strong support for the U.S.-Israel attack on Iran, then calling the position one he takes with regret, because the Supreme Court.

strikes appear inconsistent with international law, though Polyev didn't say whether he believes the war is consistent with those rules. We, as conservatives, have been clear. We support the removal of the theocratic terrorist regime in Iran. The Prime Minister's Office says Carney spoke to U.S. President Donald Trump on Sunday about the war, but Carney is not participating in the debate himself. Canadians deserve to have a clear statement from the Prime Minister. in this house. Interim NDP leader Don Davies is calling on the government not to send Canadian troops and resources into the conflict zone. Defense Minister David McGinty says there are no plans. Canada has not participated and Canada will not be participating. But the government says it is trying

to find a way to lower gas prices, something finance minister Francois Philippe Champagne says he discussed with his G7 counterparts. What we're all ensuring is that there would be sufficient stock, obviously, to meet the demand. But in the short term, no federal decision has been made to bring relief to Canadians, struggling with rising prices at the pump. Olivia Estevanovich, CBC News, Ottawa. Coming right up, attacks across Iran didn't stop huge crowds from flooding into the streets to welcome the country's newly appointed leader.

Elsewhere, new Israeli airstrikes pounded Hezbollah strongholds, in Beirut as Iranian drones and missiles rattle Saudi Arabia. And Live Nation reaches a proposed settlement in an antitrust lawsuit, targeting the company's alleged monopoly. Later, we'll have this story. That ain't good. A late season ice fishing trip gone horribly wrong. An ice sheet separated from shore in Ontario and drifting into Georgian Bay with 23 people trapped.

Many people were calling to say goodbye, like saying, you know, I tell the kids I love them and it was quite emotional. The story of how they got there and the rescue mission that brought them back to shore. I'm Jennifer Yun and I'll have that story for you later on your role tonight. Iran's new Ayatollah remains a no-show. The son of the late Supreme Leader has not appeared publicly since he was named on Sunday. There was a massive show of support to celebrate his appointment. Thousands of people rallied across Iran today in a display of defund.

in a display of defiance as strikes and counter strikes intensify across the Middle East. Senior international correspondent Margaret Evans has this report from Erbil Iraq. Huge crowds gathered in the center of Tehran, waving Iranian flags and pictures of their new supreme leader, Mostaba Khomeini. The king is dead.

Long live the king. And if the baton passes from father to son, so much the better, say supporters, no matter how tarnished the mantle. This will make them fear the name of Hamenei again, says this woman. Our new leader came to avenge the blood of our martyred one. Ali Hamenei was killed on the first day of the war. The choice of his son to replace him is regarded as a defiant act, aimed at U.S. and Israeli threats of regime change.

Sanam Vakil heads the Middle East program at Chatham House, a think tank. Moshabah is a symbolic leader sending a message of continuity and resistance. I don't think it's going to alter the battle plans. The battle has already found its way across the border into Iraq, with now daily attacks fired by pro-Iran militias into the U.S. aligned Kurdish north, a reminder of the cross-border alliances and enmities in the region. Here, a house of mourning in the Iraqi Kurdish capital of Erbil, a mother crying for her son, comforted by friends.

In an adjacent house, the men sit on long couches and chairs. The click of their worry beads a language of its own. Tahrir Abadala greets those who've come to offer condolences. His 31-year-old son Walet was killed just a few days ago when a drone attack hit the Airbeal airport where he worked as a security guard. He believes the civilian airport was the actual target, not a nearby U.S. base. Iran is getting very weak, he says, so it's hitting everywhere, including the Gulf and Jordan. But he also blames Iraq's Baghdad government, saying it's sheep. leadership with links to Tehran is allowing pro-Iran militias to attack the Kurds.

Iranian militias who target us using drones, he says. We are between two fires. It's a position that Kurds in this region have found themselves in before, a precarious one, made even more so by the conflict next door. Kurdish Iranian opposition groups sheltering on this side of the border. another reason Northern Iraq has come under fire from Tehran or its proxies. Margaret Evans, CBC News, Northern Iraq. CBC's reporting teams are deployed across the region tonight.

Chief correspondent Adrian Arsinoe is in Saudi Arabia, and first hears Susan Ormiston from Lebanon. That was the sound of an Israeli airstrike slamming into Beirut's southern suburbs, targeting the Hezbollah-affiliated bank, Al-Qarad al-Ale. Hassan, which Israel says is funding the militant group. Multiple bank branches were hit today after early morning warnings from the IDF. 700,000 Lebanese are now out of their homes, with the battle expanding to multiple fronts. Israeli soldiers inside southern and eastern Lebanon, but still, Hezbollah missiles and drones

threaten northern Israel. Lebanon's president, Joseph Aoun, says his country is caught between Israel, and Israel. which doesn't respect rules of war, he says, in Hezbollah operating outside the state authority. Lebanon is proposing direct negotiations with Israel through the United States to try to bring an end to the escalation. Susan Ormiston, CBC News, Beirut. I'm Adrian Arsnow in Riyadh, Saudi Arabia. From here in the Gulf, week two of this war seems less about military hardware than economic resilience. Can these states withstand the Iranian attacks on their energy oil,

water and other reputations. That's an Emirati helicopter gunship shooting down a drone. The UAE has been the hardest hit of its Gulf neighbors, but it's happening throughout these states. This country, Saudi Arabia, shut down some of its oil fields, reduced oil output today, just as others have done because it cannot move it through the Strait of Hormuz. The kingdom also sent the message to Iran that while there are U.S. bases here, they are not used to launch operations inside Iran.

It added the continued attacks on Saudi Arabia represent a further escalation, and in an escalation, Iran would be the greatest loser. Adrian Arsnow. CBC News, Riyadh, Saudi Arabia. Iran has kept up its attacks in Israel. A cluster bomb hit an industrial area near Ben-Gurian airport, repeated volleys of missiles struck elsewhere in the country. Hezbollah has also fired missiles. deep into Israel, setting off air raid sirens in the center of the country and its commercial hub, Tel Aviv.

NATO has intercepted another missile as it entered Turkish airspace. It is the second time in less than a week that NATO forces have stopped a missile heading into Turkey. Ankara has warned Iran against attacking but has not formally called on the NATO alliance members to offer further protection. The AI company Anthropic is suing the Trump administration. The company says it's being punished for limiting how its technology can be used by the U.S. military. The Pentagon recently labeled Anthropic a supply chain risk, and President Donald Trump ordered federal agencies to stop using its AI chatbot clawed. Anthropic calls the move unlawful and is asking federal courts to reverse them.

Ticketmaster's parent company, Live Nation, reached a tentative deal in the U.S. It's in the middle of a major lawsuit around ticket prices and competition practices. The U.S. Department of Justice and 30 states are suing Live Nation, and today's announcement of a possible settlement left a few things, well, unsettled. Dave Seglins joins us with details. Dave, what exactly was settled today? Well, this lawsuit alleges that Live Nation is, stifling competition and forcing up prices.

The company controls 80% of the live concert industry in the U.S., everything from owning venues to managing artists, owning the box office or ticketmaster. This morning in court, lawyers for Live Nation and the U.S. Department of Justice announced that the company agrees it will sell off some of its concert halls, pay penalties worth $200 million, and open up its ticketing platform to competition. And in exchange, Live Nation gets to keep control of Ticketmaster. But almost as soon as this was announced by the federal lawyers, most of the states involved, who are also suing, said no way they're moving for a mistrial and they vowed to keep fighting. So is there, in fact, a settlement? What happens next?

Well, yes and no. There's a proposed settlement. This is far from over. The state's Attorney General, like New York's Latisha James, issued a statement saying this deal fails to address the monopoly at the center of this. We cannot agree to it. the Federal Department of Justice has done a bit of an about face here since 2024 when they launched this suit demanding the breakup of Live Nation. Bill Kavassik is a law prophet George Washington University. He's worried there may be political interference. That concern has arisen over the past 13 months during the Trump administration, where there have been several instances in which the political leadership in the Department of Justice and in the White House have imposed settlement terms. on different mergers that the Department of Justice professionals did not accept. Now, Susan, ultimately the judge in this case will have to decide whether he accepts this settlement proposal with Live Nation, and it's not clear that he's going to.

So what does all this mean for the fans? Well, it means that the cost of tickets is likely to stay high. It's skyrocketed in the last two decades. Live Nation, clearly a major player, and the states that are suing hope that by breaking up Live Nation, they can actually put a dent in ticket prices. But I think it's important to keep in mind that there are a bunch of other factors at work here. Technology has enabled something called dynamic pricing as well. Resale websites, stub hub, seek geek.

They allow for price gouging. So it's like an auction every time you go to buy tickets for a concert or a baseball game. Major artists, they're wise to this. They've realized that fans are actually willing to pay more. So they're happy to take a cut of higher ticket prices. So even if this lawsuit against Live Nation resumes and is successful, it may not bring much relief. Interesting. Thank you, Dave. Thank you.

The CBC's Dave Seglins here in Toronto. The number of charges in Frank Strontics' sexual assault trial in Toronto is now down to seven. The 93-year-old billionaire had initially pleaded not guilty to 12 charges of assault involving seven women. Prosecutors withdrew two more charges today saying they could not prove them beyond a reasonable doubt. There are now just four complainants left. Stronix lawyers began their case at the trial today. Former students have reached a proposed $30 million settlement with two Catholic schools in Metro Vancouver.

The case began with one man who said he was sexually abused by a teacher at the school in the 1980s. It was later revealed that teacher had confessed to abusing boys at the Mount Cashel Orphanage in St. John's years before. The orphanage was run by the Christian brothers, a Catholic teaching order, students there also complained of widespread, physical, and sexual abuse. A survivor from a dramatic helicopter rescue over the weekend in Ontario is sharing his story tonight. He is one of 23 people who was stranded in frigid waters when the ice they were fishing on broke up and started floating away.

Jennifer Yoon has more. That ain't good. The moment when Kevin Fox realized the sheet of of ice he was on had broken off from the shore. Fox, along with 22 other anglers, were stranded on a melting piece of ice, drifting into Georgian Bay, the northeastern arm of Lake Huron. Many people were calling to say goodbye, like saying, you know, tell the kids I love them, and it was quite emotional. The wind and the current moved the ice shelf about two kilometers into open water Sunday afternoon. Some people even fell into the frigid lake as the ice

split into several sections. Kim Murphy was watching from the shore. She says she could see just how difficult the rescue operation was going to be. There were white caps blowing on the water. The water was very rough. The rough water, you could see it almost kind of breaking up the ice as you watch. Ontario provincial police were eventually able to rescue everyone, lowering a helicopter as close as possible to the lake, taking three people at a time and bringing them to a golf club. nearby. Some were treated for minor injuries, including hypothermia. No fish is worth your life or the lives of people who have to rescue you. This rescue requires significant resources and frontline responders replaced that considerable risk.

OPP Sergeant Ed Sanchuk says the cold lake water can be fatal. He's reminding fissures to be more careful. If conditions appear questionable, it's not that complicated. Do not go out. Police say the warmer temperatures during the day, coupled with freezing temperatures at night, can make the ice inconsistent and unsafe. This is one of several incidents on the icy water in Ontario over the past few days. In Hamilton, two young people were saved by a bystander after falling through ice Sunday. And Toronto police responded to reports of a wind surfer stuck on ice today. Authorities are warning those who want to go out on the ice to look up the

conditions beforehand. We're going to have some type of plan for if the ice ever does separate like that again. Fox says he's learned from experience. He's thinking about bringing an inflatable dingy with him in case something like this happens again. But he says the experience won't stop him from going out on the ice in the future. Everything we do in life for a lot of these sports, there are risks. And he says his love for ice fishing outweighs those risks. Jet off for Yun, CBC News, Toronto. Finally tonight, the medals keep coming for Team Canada at the 26th Paralympics in Italy. A pair of Canadian skiers, is now two for two.

Former national team racer as well, and here they come to the finish line. On top, 113-2-9. It was another podium performance for para-alpine skier, Kala Erickson. The 21-year-old is from Kimberly, British Columbia. He skis with his guide,

Sierra Smith. They won bronze in today's Super G race. On Saturday, they won silver in downhill. hear Sierra telling him the cues that they've decided on. Erickson has a visual impairment. His guide, Smith, skis just ahead of him, wearing a bright pink suit and using a microphone and headset to call out the turns. This is their first Paralympics skiing together.

Erickson says he felt ready to compete at the games, but wasn't expecting this kind of success. I wasn't expecting this out of this. I'm really proud of myself for high. I have been able to control the nerves over the last two years. it is, kind of let the pressure ease off, not be too nervous, and I think that's paying off on the mental

side of these races. Canada now has seven medals at the Paralympics, three silver, three bronze, and a gold in biathlon. One by co-Canadian flag bearer Natalie Wilkie on Sunday. Thank you for joining us

on your world tonight for Monday, March 9th. I'm Susan Bonner. Talk to you again. For more, CB, podcast, go to cbc.ca.ca slash podcasts.