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Weekly Market Snapshot: Yields at Multi-Decade Highs, Oil Eases on Hormuz Hopes — Week of Sept. 22–26, 2026

Week of September 22–26, 2026 It was a week of two forces tugging in opposite directions. Bond yields surged to levels not seen since 2004–2007, driven by resilient US economic data, hawkish Fed signals, and oil-driven inflation fears — putting pressure on equities and the Canadian dollar. Then, late in the week, reports emerged that US and Iranian negotiators were exploring a phased deal to reopen the Strait of Hormuz. Oil pulled back sharply Friday, yields stabilized, and markets found enough relief to post a partial recovery. The TSX finished the week slightly lower but well off its worst levels, while US indices managed a weekly gain. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite entered the week near 35,800 and, after a volatile ride, closed Friday around the same level — giving up roughly 0.3% on the week. Mid-week selling was driven by the same forces pressuring global markets: surging US Treasury yields, a rising oil-inflation premium, and investor nervousness ahea...
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Pakistan Commits to Preventing Middle East Escalation Amid Tensions

 


In the face of mounting tensions in the Middle East, Pakistan has pledged its support for efforts to prevent further escalation. The country’s foreign ministry stated that it would back any initiatives aimed at averting war in the region. As fears grow over a potential broader conflict involving Israel and Iran, Pakistan’s stance underscores the importance of regional stability.

Background and Context

Recent events have heightened concerns about the possibility of a wider conflict. Following the killing of senior members of militant groups Hamas and Hezbollah, the Middle East braces for a potential new wave of attacks by Iran and its allies. Tehran has attributed the death of Hamas’s political leader on Iranian soil to Israel, although Israel has not confirmed its involvement.

The United States has been actively engaged in diplomatic efforts, urging other countries to convey to Iran that escalation in the Middle East is not in their interest. Amid this backdrop, Pakistan’s commitment to preventing war serves as a significant diplomatic signal.

Pakistan’s Stance

Foreign Ministry spokesperson Mumtaz Zahra Baloch emphasized that Pakistan stands firmly against any escalation in the Middle East. While she did not comment on whether Pakistan had been in contact with Washington over the issue, her statement underscores the country’s commitment to regional peace. Notably, Pakistan does not have diplomatic ties with Israel, but it has seen improved relations with neighboring Iran in recent times.

Regional Cooperation and Calls for Ceasefire

Pakistan’s deputy prime minister and foreign minister, Ishaq Dar, recently participated in an emergency meeting convened by the Organisation of Islamic Cooperation (OIC) in Saudi Arabia. During the meeting, Dar condemned Israel’s actions in the Gaza Strip and called for a ceasefire, as well as better access for humanitarian aid. His appeal aimed at preventing further escalation of violence and tensions in the region.

Challenges and Ongoing Dialogue

Despite Pakistan’s commitment, challenges remain. A Pakistani man with alleged ties to Iran was charged in the United States in connection with a foiled plot to assassinate a U.S. politician or government officials. Pakistan has contacted U.S. authorities and awaits further information, emphasizing the need for clarity in such cases.

In summary, Pakistan’s proactive stance underscores the importance of regional stability and its commitment to preventing further escalation in the Middle East. As tensions persist, diplomatic efforts and cooperation among nations remain crucial to maintaining peace and averting conflict.


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