Canada's government says it strongly condemns Israel's plans to occupy territory in southern Lebanon, while it says Hezbollah's attacks on Israel must seize and they must disarm

Canada's condemnation of Israel's plans and calls for disarmament of Hezbollah could escalate tensions in the region, potentially impacting oil prices and the broader commodities market. As geopolitical risks rise, watch for safe-haven assets like gold to attract more inflows while currencies linked to the U.S. dollar may react as market participants assess the implications for energy supplies and stability in the Middle East.