Canadian Dollar softens as Gulf peace hopes weigh on Oil prices

Canadian Dollar softens as Gulf peace hopes weigh on Oil prices

USD/CAD trades in a narrow range on Monday, with the Canadian Dollar (CAD) struggling to capitalize on a softer US Dollar (USD) as a mild pullback in Crude Oil prices weighs on the commodity-linked Loonie. At the time of writing, the pair trades around 1.3950, holding near two-month highs. The US Dollar and Oil prices […]

Supply risks and cautious OPEC+ hike – BNY

Supply risks and cautious OPEC+ hike – BNY

BNY’s Bob Savage reports that Brent and WTI surged around 4–5% as Iran–Israel missile exchanges raised fears of supply disruption and higher global inflation. Savage notes EU natural gas also climbed, while OPEC+ members agreed a modest 188,000 b/d production increase from July 2026 with flexibility to adjust. The balance between conflict risk and incremental […]

IRGC retaliates by attacking petrochemical site in northern Israeli city of Haifa

IRGC retaliates by attacking petrochemical site in northern Israeli city of Haifa

According to the Fars news agency, Iran’s Revolutionary Guards Corps (IRGC) has confirmed attacking a petrochemical site in northern Israeli city of Haifa, in retaliation for Israel’s attack on a similar plant in Iran, The Guardian reported. “We warn you; by taking action against civilian targets and targeting oil industries, the Zionist enemy has started […]