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Washington Presses Israel to Halt Strikes on Iran’s Energy Network

  Smoke rises in Sharjah, following reports of Iranian attacks after United States and Israel strikes on Iran, in Sharjah, United Arab Emirates, March 1, 2026. The United States has urged Israel to stop its ongoing attacks on Iran’s energy infrastructure, according to multiple reports citing senior U.S. and Israeli officials. Key Developments U.S. officials delivered the request at high political levels and directly to IDF Chief of Staff Eyal Zamir.  The Trump administration outlined several strategic concerns: A desire to maintain the possibility of future cooperation with Iran’s oil sector after the conflict. Fears that continued strikes could harm Iranian civilians.  Warnings that Iran might retaliate with large-scale attacks on Gulf energy infrastructure, a scenario described as a potential “doomsday option.”  Context The request marks a rare moment in which Washington is attempting to restrain Israeli military actions, despite the two nations having ...
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Bank of Canada Cuts Rate by Quarter Point Amid Tariff Uncertainty

The Bank of Canada announced a quarter-point reduction in its key interest rate on Wednesday, bringing it down to 3%. This marks the sixth consecutive rate cut since June 2024. The central bank cited stabilized inflation and a strengthening economy as reasons for the cut. However, it also highlighted the looming threat of U.S. tariffs as a significant source of uncertainty.

Governor Tiff Macklem emphasized that while the economy is showing signs of improvement, the potential for broad-based tariffs could pose a major challenge. The Bank of Canada revised its GDP growth forecast downward to 1.8% for 2025 and 2026, factoring in lower population growth and increased policy uncertainty.

The central bank presented several scenarios in which tariffs could impact the economy, projecting a potential reduction in GDP by 2.4% in the first year if tariffs are imposed. Macklem stated that the bank would closely monitor developments and assess the implications for economic activity and monetary policy.

The decision to cut rates comes as the U.S. threatens to impose 25% tariffs on Canadian goods. The Bank of Canada warned that such tariffs could lead to a recession in Canada, but it also indicated that it might refrain from further monetary policy support to avoid reigniting inflation.

The central bank's cautious approach reflects the delicate balance it must maintain in the face of economic uncertainties and the potential for a trade war with the U.S.




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