Oil falls more than 5% and world shares gain over possible de-escalation of Iran war
CTV
Oil prices fell more than five per cent and world shares gained on Wednesday over the possibility of a de-escalation of the Iran war and negotiations between the United States and Iran. U.S. futures were up 0.9 per cent.
Investors are turning to Canada’s resource-rich stock market for shelter from the turmoil around artificial intelligence — and on hopes the new technology will ultimately boost productivity for some of its biggest names.
World shares were mixed on Wednesday as the rally of the past two days faded and oil prices resumed climbing with no end to the war with Iran in sight.
Iran’s Revolutionary Guards said on Tuesday they would not let any oil out of the Middle East until U.S. and Israeli attacks cease, prompting U.S. President Donald Trump to threaten to hit Iran “twenty times harder” if it blocked exports.
World shares tumbled on Monday, with Japan’s benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East.
The war in the Middle East is quickly pushing some countries around the world towards a potential energy crisis.
The U.S. customs agency is readying a system within 45 days to process refunds on U.S. President Donald Trump’s tariffs that were struck down as illegal, a customs official said in a court filing on Friday.
Whether it’s a refrigerator, washing machine, an air conditioner, or any other appliance, there’s an adage that states, 'they don’t make them like they used to.'
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Goldminer Discovery Silver Corp. said Monday that it has acquired Glencore Canada’s Kidd operations in the Timmins area.
Oil prices rose sharply Monday as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.
Relief may be brewing for Canada’s coffee industry grappling with the bitter effects of a global price surge.