Canada says G7 leaders are to speak on Wednesday on Iran crisis

The announcement of G7 leaders discussing the Iran crisis signals potential geopolitical risks that could impact energy markets, particularly oil prices.

Newsquawk StaffPublished 10 Mar 2026, 21:05 UTCOn the live feed at 20:45 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

20:54

Saudi military intercepts and destroys two drones in the Empty Quarter heading towards Shaybah Field

20:47

Bahrain Defence Force General Command states air defence systems intercepted an Iranian ballistic missile

20:45

Canada says G7 leaders are to speak on Wednesday on Iran crisis

20:41

US Private Inventory Data (bbls): Crude -1.7mln (exp. +1.4mln), Distillate -2.3mln (exp. -0.9mln), Gasoline -1.8mln (exp. -4.5mln), Cushing -0.4mln

20:37

Chevron (CVX) and Shell (SHEL LN) are close to clinching first big oil production deals with Venezuela since US capture of President Maduro, according to industry sources

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Context

Observers should monitor how any resolutions or tensions discussed may affect commodities, especially WTI and related sectors, given the current market sensitivity to supply dynamics in the region.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

Brent (X6) futures rose shortly after the headline, in turn weighing on the bond complex.

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/2 Sept · 11:13 UTC

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

WTI crude, after we published−0.6%

ENERGY/31 Aug · 14:29 UTC

US Treasury Secretary Bessent says oil prices will come down, CNBC Interview; says Trump has been saying Iran is not ready to make a deal

Brent prices, after we published−0.6%

ENERGY/25 Aug · 09:36 UTC

US is reportedly mulling returning diplomats to Middle Eastern embassies as soon as this week, NYT reports; "suggesting that the Trump administration does not anticipate a return to all-out hostilities"

Brent crude, after we published−0.5%

ENERGY/25 Aug · 08:24 UTC

Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the siege and lift sanctions under the MOU, in exchange for opening the Strait of Hormuz and stopping proxy attacks, Al Arabiya/Al Hadath sources report

Brent crude, after we published−0.5%

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