Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Oil prices edged lower on Tuesday as concerns about global supply eased following the restart of crude loadings at Russia’s Novorossiysk export hub. The facility had halted operations for two days after a Ukrainian drone and missile strike, but activity resumed sooner than expected, according to industry sources and LSEG data. Brent crude slipped 0.4% to $63.92 per barrel, while U.S. West Texas Intermediate (WTI) dipped 0.4% to $59.65.
Analysts noted that the quick resumption of exports helped cool the price rally triggered late last week, when the temporary shutdown of Novorossiysk and the nearby Caspian Pipeline Consortium terminal—together supplying roughly 2.2 million barrels per day, or about 2% of global supply—pushed crude prices up more than 2%. IG analyst Tony Sycamore said the market reacted as loadings “resumed sooner than expected,” easing immediate supply fears.
With operations normalizing, traders have shifted their focus back to the broader implications of Western sanctions on Russian oil flows. The U.S. Treasury said restrictions imposed in October on major producers Rosneft and Lukoil are already squeezing Moscow’s revenues and are expected to gradually reduce export volumes. ANZ analysts added that Russian crude is now trading at a notable discount to global benchmarks as buyers factor in geopolitical and compliance risks.
Meanwhile, political pressure surrounding Russia continues to intensify. A senior White House official said President Donald Trump is prepared to sign new sanctions legislation as long as he maintains final authority over enforcement. Trump also revealed that Republicans are drafting a bill targeting any country conducting business with Russia, potentially widening penalties to include Iran.
Looking ahead, Goldman Sachs expects oil prices to trend lower through 2026 due to an anticipated surge in global supply. However, the bank noted that Brent crude could rebound above $70 per barrel in 2026 or 2027 if Russian production declines more sharply than forecast.
