US President Trump could turn to military action without an Iran agreement ahead of the China trip, Axios reports citing US officials
The report suggests a significant escalation risk in US-Iran relations, potentially impacting global markets ahead of President Trump's trip to China.
BoC Governor Macklem says inflation forecasts in the July monetary policy report will not change much after including the government fiscal update
Iran has issued a message to commercial vessels in the Strait of Hormuz, saying Iran's port is fully prepared to provide general maritime services and support to the vessels, IRNA reports
US President Trump could turn to military action without an Iran agreement ahead of the China trip, Axios reports citing US officials
CF Industries Holdings (CF) Q1 2026 (USD): EPS 3.98 (exp. 2.63), Revenue 1.99bln (exp. 1.84bln)
BoC Governor Macklem says if oil prices keep rising and stay elevated "there may be a need for consecutive increases in the policy rate"
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Increased military action could drive safe-haven demand for assets like gold and bolster volatility in equities and currencies, particularly affecting the USD and oil prices. Traders should monitor developments closely for implications on risk sentiment and positioning across several asset classes.
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