Bank of Canada Governor Tiff Macklem says the central bank may need to raise the policy rate if energy prices remain higher for longer. The comments signal a potential shift in monetary policy based on energy market trends.

The UN Food and Agriculture Organization warns that global fertilizer markets face severe strain following disruptions in the Strait of Hormuz. The agency highlights potential supply chain impacts resulting from the maritime instability.

The UN Food and Agriculture Organization reports that global fertilizer markets are experiencing severe strain due to ongoing disruptions in the Strait of Hormuz.

The Pentagon comptroller reports that the United States has spent an estimated $25 billion on the war in Iran to date, marking the most comprehensive public estimate of the conflict's financial cost.

The Pentagon comptroller stated that the United States has spent approximately $25 billion on the war in Iran to date.

TotalEnergies raises dividend by 5.9% and doubles share buybacks after reporting $5.4 billion in adjusted net income. The move has prompted calls from French politicians for a new supertax on the company's windfall profits.

TotalEnergies reported $5.4 billion in adjusted net income, leading the company to increase its dividend by 5.9% and double share buybacks, which has triggered calls from French politicians for a windfall profit tax.

Iran's currency hits a fresh record low as the US naval blockade continues to exert pressure on the Islamic Republic's economy.

The Iranian rial has dropped to a new record low against the US dollar, a decline attributed by observers to the ongoing US naval blockade impacting the nation's economy.