By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Iran has seized an oil tanker carrying Iraqi crude destined for Turkey in retaliation for the United States confiscating the same vessel in 2023. The Marshall Islands-flagged St. Nikolas (formerly the Suez Rajan) was loaded with 145,000 tonnes of crude oil and is now enroute to Iranian ports, according to reports. The seizure comes amid heightened tensions in the region as Iranian-backed Houthi militants target vessels moving through Red Sea shipping routes.
Read Also
Canadian Financial Close: Loonie gives up tenth of a cent
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back on Monday, positioning ahead of Wednesday’s…
- Several exchange-traded funds (ETFs) tied to the spot price of bitcoin are set to start trading in the U.S. today after the U.S. Securities and Exchange Commission greenlit the cryptocurrency funds late Wednesday. The approval will reportedly open investments in cryptocurrencies to a broader investor base, with bitcoin – the world’s largest cryptocurrency – seeing its price surge.
- South Africa has brought a case against Israel to the International Court of Justice (ICJ) in the Hague, accusing the country of violating the 1948 genocide convention in its war in Gaza. South Africa has asked the court to issue an interim order for a halt to Israeli military actions. Israeli Prime Minister Benjamin Netanyahu issued a statement defending his country’s actions.
