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The Canadian dollar strengthened against several major European currencies this week as crude oil prices climbed sharply amid escalating tensions involving Iran, the United States and Israel. The USD/CAD exchange rate traded near 1.3660 on Wednesday, with the Canadian dollar holding firm even as global safe haven demand supported the US currency. The......
The United States and Israel have intensified their joint military campaign against Iran, with US Defense Secretary Pete Hegseth stating that American and Israeli forces are close to achieving full control of Iranian airspace as the conflict enters its sixth day. Speaking to reporters at the Pentagon, Hegseth said the two allies were on the......
The military confrontation involving the United States, Israel and Iran entered its sixth day on March 5 with no sign of a ceasefire, as strikes and missile attacks continued across the Middle East and the conflict’s human and economic costs intensified. Israel launched new waves of air strikes across Tehran and targeted Hezbollah positions......
After the first deaths of U.S. troops in the 2026 war with Iran, a wave of anger and irony has swept American social media, with some users demanding that President Donald Trump’s son Barron be sent to fight in the conflict. Six U.S. soldiers were killed during a U.S. military operation against Iran, according to U.S. Central Command,......
Germany has confirmed that it will not send military forces to the Eastern Mediterranean despite recent drone strikes targeting British bases in southern Cyprus. Government spokesman Stefan Kornelius stated Wednesday that the situation is being closely monitored in light of ongoing US and Israeli operations against Iran and Tehran’s......
Lebanon’s national carrier, Middle East Airlines, has announced additional flights between Beirut and Istanbul as part of temporary adjustments to its schedule this week. The changes come as several countries across the region close their airspace following the escalation of hostilities involving the United States, Israel and Iran. Lebanon,......
Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28 following coordinated air strikes by the......
The conflict in the Middle East is reshaping the global energy debate as rising oil and gas prices renew calls for a faster transition to renewable power. As the military confrontation involving the United States, Israel and Iran enters its second week, disruptions to fossil fuel supply chains have prompted energy executives and climate groups......
Asian stock markets fell sharply on Wednesday as escalating tensions involving the United States, Israel and Iran rattled investor confidence and pushed oil prices higher across global markets. South Korea’s Kospi index plunged as much as 10 percent, triggering circuit breakers that temporarily halted trading. Other major regional benchmarks......
The growing military confrontation involving Iran could wipe out up to $56 billion in tourism revenue across the Middle East this year, according to a new analysis by Tourism Economics, a research unit of Oxford Economics. The report estimates that international visitor arrivals to the region could fall between 11 percent and 27 percent in......
Iran said U.S. Secretary of State Marco Rubio effectively acknowledged that Washington joined a voluntary conflict on Israel’s behalf after he defended the joint American Israeli military operation against Iran during remarks at the U.S. Capitol. Speaking before a closed door briefing with lawmakers on March 2, Rubio said the United......
Israeli forces say about 300 Iranian ballistic missile launchers have been destroyed during the first six days of a joint U.S. and Israeli air campaign, but Iran’s extensive network of underground missile facilities continues to challenge efforts to eliminate the country’s missile capabilities. The strikes are part of “Operation......
Turkish authorities have condemned the arrest of two journalists in Tel Aviv who were covering the ongoing Middle East conflict, according to statements from Turkish officials and Israeli police on Tuesday. Emrah Cakmak, a reporter for CNN Türk, and Halil Kahraman, a cameraman, were detained while reporting live from the city, the Turkish......
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