The Bank of Canada holds its benchmark interest rate at 2.25%. The central bank cited concerns over potential economic volatility linked to the ongoing situation in the Middle East.

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.

Bank of Canada Governor Tiff Macklem stated that if energy prices remain elevated for an extended period, the central bank may need to increase the policy interest rate.

The Bank of Canada holds its policy interest rate at 2.25%. The decision maintains the current borrowing cost for the Canadian economy.

The Bank of Canada has maintained its policy interest rate at 2.25%.

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.

UN Development Programme warns that the conflict involving the US, Israel, and Iran could push more than 30 million people into poverty due to surging energy and fertilizer prices.

The head of the UN Development Programme stated on Wednesday that the ongoing conflict involving the US, Israel, and Iran could push over 30 million people into poverty due to rising energy and fertilizer costs.