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U.S. Seizure of Russian-Flagged Tanker Heightens Global Tensions

The ship, currently between Iceland and the British Isles, has been accused of breaking US sanctions and shipping Iranian oil. It has historically transported Venezuelan crude oil. The United States has seized a Russian‑flagged oil tanker linked to Venezuela after a prolonged pursuit across the Atlantic, marking one of the most assertive enforcement actions under Washington’s sanctions program. The vessel, previously known as Bella‑1 and later renamed Marinera , was intercepted after evading an earlier boarding attempt near Venezuelan waters. U.S. military aircraft and naval units tracked the ship for weeks as it traveled across the Atlantic, at times shadowed by Russian naval vessels. Officials say the tanker was part of a network used to transport sanctioned Venezuelan and Russian oil. Its capture underscores Washington’s efforts to disrupt what it describes as illicit energy shipments that help sustain both governments. The operation comes at a delicate geopolitical moment, wit...
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TSX gains on rate cut hopes despite high inflation`

 


Canada’s main stock index, the Toronto Stock Exchange’s S&P/TSX composite index, rose by 0.75% to 20,777.19 on Tuesday despite a sticky domestic inflation reading.

The materials sector, which houses Canada’s major mining firms, gained 1.3% with copper miners amongst the top gainers on the benchmark index as prices of the red metal rose. Consumer staple was amongst the leading sectors, rising 1.2%, while utilities advanced 0.8%.

San Francisco Fed President Mary Daly said cuts to the U.S. central bank’s benchmark rate are likely to be appropriate next year, the Wall Street Journal reported. Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are also scheduled to speak later in the day.

Meanwhile, the loonie strengthened 0.5% against the dollar after data showed Canada’s annual inflation rate unexpectedly remained at 3.1% in November. The renewed acceleration in core inflation pressures in November was partly due to a jump in travel tour prices, which is likely to be reversed in December.

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