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TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...
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Explosions Ahead: Yemen’s Houthi Rebels Target Singapore-Flagged Ship in Gulf of Aden

 

On Friday, an audacious attack by Yemen’s Houthi rebels sent shockwaves through the Gulf of Aden. Explosions erupted ahead of a Singapore-flagged vessel, the bulk carrier Propel Fortune, as it plied its course. The incident unfolded against the backdrop of escalating tensions in the region.

The Propel Fortune, flying the Singaporean flag, bore the brunt of the assault. Yet, remarkably, it persevered, continuing its voyage undeterred. The United States military’s Central Command confirmed that the missiles did not strike the vessel, and no injuries or damages were reported. The ship’s resilience stands as a testament to maritime security protocols and the crew’s vigilance.

The Houthi rebels, backed by Iran, have been relentless in their campaign of aggression. Their actions are often linked to Israel’s ongoing conflict with Hamas in the Gaza Strip. While the Houthis claim their attacks aim to pressure Israel into ending the war, recent incidents reveal a broader scope. The Propel Fortune incident follows a fatal strike on a commercial ship earlier in the week, where three crew members lost their lives. These assaults, however, increasingly target vessels unrelated to the conflict, raising questions about the rebels’ true intentions.

In February, the Houthis targeted a fertilizer-carrying cargo ship, the Rubymar, which eventually sank after drifting for days. Additionally, they downed an American drone worth tens of millions of dollars. The U.S. responded with airstrikes, destroying two Houthi truck-mounted anti-ship missiles in Yemen. The rebels, though silent on the destruction, continue their provocations.

The Houthi rebels have held Yemen’s capital, Sanaa, since 2014, while battling a Saudi-led coalition in a protracted war. The U.S. airstrike campaign has taken its toll, with at least 22 Houthi fighters killed. Tragically, one civilian has also lost their life.

As the Gulf of Aden remains a theater of tension, the international community watches closely. The Propel Fortune incident serves as a stark reminder of the fragile balance in these troubled waters.


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