World BrieflyStrait of Hormuz is 'fully open,' say Trump and Iran, as gas prices stubbornly refuse to get the memo
Kraken🟢 Economic Impact | 5/10
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Oil prices drop 4.5-5% after Trump's statements on peace deal with Iran
Brent crude fell below $89 for the first time since mid-April amid Trump's statements about a peace deal with Iran.
CBC Newfoundland & LabradorN.L. Finance minister not backing away from cost-of-living measures
Premier Tony Wakeham and Finance Minister Craig Pardy say they're not abandoning the idea of introducing some kind of cost-of-living support for people in the province, should oil prices remain higher than the per-barrel price the government used in the Spring provincial budget.
https://www.cbc.ca/news/canada/newfoundland-labrador/n-l-finance-minister-not-backing-away-from-cost-of-living-measures-9.7232405?cmp=rss
Premier Tony Wakeham and Finance Minister Craig Pardy say they're not abandoning the idea of introducing some kind of cost-of-living support for people in the province, should oil prices remain higher than the per-barrel price the government used in the Spring provincial budget.
https://www.cbc.ca/news/canada/newfoundland-labrador/n-l-finance-minister-not-backing-away-from-cost-of-living-measures-9.7232405?cmp=rss
MarketForces AfricaOil prices rose as escalating military exchanges between the US and Iran and renewed tensions surrounding the Strait of Hormuz heightened fears of disruptions to global crude supplies.
https://dmarketforces.com/oil-prices-increase-as-u-s-forces-strike-iran-again/
Don Curren 🇨🇦🇺🇦3 BMO: The section on #inflation outlined the improvement in core #CPI and that there's been little evidence of pass-through from high #energyprices. Still, #oilprices remain elevated and subject to headline volatility, which drives upside risk
#BOC #cdnecon
WYM ModOil prices surged! Jeff Cox and Lee Ying Shan report a nearly 2% jump after President Trump declared Iran will pay for failing at peace, following U.S. strikes near the Strait of Hormuz. This escalation threatens severe supply disruptions, with analysts warning of historic production losses. Click to understand the market impact. https://www.cnbc.com/2026/06/10/oil-price-us-completes-iran-strikes-after-apache-helicopter-attack.html #OilPrices #Iran #USPolitics #MarketImpact
Mathrubhumi EnglishFive-month Hormuz blockade to end in July, per barrel cost to hover over $100 till then: Fitch https://english.mathrubhumi.com/news/world/global-oil-price-forecast-strait-of-hormuz-2026-bw8o10a2?utm_source=dlvr.it&utm_medium=mastodon #OilPrices #StraitOfHormuz #FitchRatings #EnergyCrisis #BrentCrude
Baaghi TVOil Prices Rise as US-Iran Tensions Escalate and Supply Tightens
#BaaghiTV #International #OilPrices #Iran #UnitedStates #EnergyMarkets #GlobalEconomy
https://en.baaghitv.com/oil-prices-rise-as-us-iran-tensions-escalate-and-supply-tightens
Spencer Kimball reveals a critical disconnect: President Trump suggests an Iran deal is days away to reopen the Strait of Hormuz, yet renewed Israel-Iran strikes continue to threaten the fragile ceasefire. The reality of sustained military action clashes with optimistic claims. Learn more about the complex dynamics affecting global oil markets. https://www.cnbc.com/2026/06/09/oil-prices-iran-war-strait-hormuz-trump-israel-lebanon.html #OilPrices #Iran #Trump