U.S. President Donald Trump has extended the deadline for Iran to reopen the Strait of Hormuz to global oil shipments. While the Iranian regime has not yet responded to the latest peace proposal, Israel warned that its own military actions will "escalate and expand." U.S. markets tumbled Friday, with the Dow Jones dropping 10 per cent since early February and entering correction territory. Brent crude oil prices have surged back above $110 per barrel, erasing previous gains made after the U.S. delayed strikes against Iranian power plants. Plus, Liberal MP Michael Ma is facing backlash for comments that appeared to cast doubt on human rights abuses and allegations of forced labour in China. Ma, who defected from the Conservatives in December and recently visited Beijing with Prime Minister Mark Carney, has since apologized.