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Canadian Dollar weakens as Oil prices slide on US-Iran deal hopes

USD/CAD reverses its earlier losses on Tuesday as falling Oil prices weigh on the commodity-linked Canadian Dollar (CAD) following comments from US Treasury Secretary Scott Bessent on US-Iran talks.

Canadian Dollar weakens as Oil prices slide on US-Iran deal hopes

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Hormuz Tanker Traffic Stalls at Two-Month Low as Attacks Escalate

Traffic at the Strait of Hormuz remains at the lowest in more than two months as security concerns have intensified with recent attacks on ships and persistent threats to shipping in the region.

  • Strait of Hormuz sees lowest tanker traffic in over two months
  • Attacks on ships and Iran's control intent worsen security situation
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