Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more
A view of missiles over Doha, Qatar after Iran has launched an operation targeting a U.S. base in Qatar on June 23, 2025. Stringer | Anadolu | Getty Images DUBAI, United Arab Emirates — Escalating regional war, or a bunch of choreographed theatre? Millions across the Middle East were told to shelter in place Monday … Read more
The Canadian government is deploying a “crisis emergency response” in the Middle East as the conflict between Israel and Iran worsens days after U.S. strikes on Iranian nuclear facilities. The response will include 24-7 assistance and consular access for Canadians in the region, Global Affairs Canada said in a statement late Sunday night. This comes … Read more
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and … Read more
The federal government will help Canadians stuck in Iran, Israel and the West Bank leave the region on nearby commercial flights as the deadly conflict escalates. Those Canadians will have to reach a neighbouring country first, however, Foreign Minister Anita Anand said in a statement Thursday. Airspace over Iran and Israel has been closed since … Read more
Urgent international calls for restraint appear to be falling on deaf ears as the world braces for intensifying conflict in the Middle East. All eyes are on the White House, as U.S. President Donald Trump weighs carrying out direct military strikes on Iran. Such an act would represent a dramatic deepening of U.S. involvement in … Read more
Tensions are flaring up in the Middle East and there are already knock-on effects impacting economies globally, including with higher prices for gasoline at the pumps. According to a Reuters report on Wednesday, former Iranian economy minister Ehsan Khandouzi has said that tankers and LNG cargoes should only transit the Strait of Hormuz with Iranian … Read more
The leaders of the G7 are urging a resolution between Israel and Iran amid escalating rounds of strikes, saying they will “remain vigilant” and respond if the conflict impacts international energy markets. “We will remain vigilant to the implications for international energy markets and stand ready to coordinate, including with like-minded partners, to safeguard market stability,” … Read more