Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Crude oil prices were weaker Tuesday morning, continuing to back away from the three-year highs hit early Monday as investors reacted to the latest comments from United States President Donald Trump claiming the war in the Middle East would end soon.
- Trump also indicated he was considering easing sanctions on Russian oil and releasing crude stockpiles to help lower domestic fuel costs.
- The conflict continued Tuesday, with Iran ruling out talk of a ceasefire while continuing to launch strikes at neighbouring Gulf countries and Israel. Meanwhile, U.S. Defence Secretary Pete Hegseth, when speaking at the Pentagon said, “today will be yet again our most intense day of strikes inside Iran.”
- The U.S. Department of Agriculture will release its monthly supply/demand estimates later Tuesday, with only minor adjustments expected in the latest data.
