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New Tensions Rise as Iran Warns of Possible Strikes on Regional Energy Sites

  Iran has issued a sharp warning that it may target regional energy infrastructure following recent threats from U.S. President Donald Trump over the Strait of Hormuz. The exchange marks a renewed escalation in a long‑running standoff over one of the world’s most critical maritime chokepoints. According to Iranian officials, any attempt to restrict Tehran’s access to the strait would be met with what they described as “direct and proportional” action. Energy facilities across the Gulf—central to global oil and gas supply—were specifically mentioned as potential targets if tensions continue to rise. The Trump administration has repeatedly criticized Iran’s activities in the region, warning of consequences should Tehran interfere with international shipping. The latest remarks from Washington prompted Iran’s response, which framed its position as defensive and tied to national sovereignty. Regional governments have expressed concern that even rhetorical escalation could unsettle...
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Bank of Canada Diverges from Fed, Signals No Rate Cuts Soon

 

The Bank of Canada has made it clear that interest rates will not be coming down anytime soon, putting it on a divergent path from the U.S. Federal Reserve, which said this week that easing could be on the timetable. 

Inflation slowed to 3.1% in October, down from a peak of more than 8% last year, but it has remained above the bank’s 2% target for 31 months. Governor Tiff Macklem said that the bank has not started discussing rate cuts yet, as it’s too early to have that discussion.

The bank is still discussing whether it has raised interest rates enough and how long they need to stay where they are.


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