CNBC Daily Open: Rising tensions — from North America to the Middle East

US President Donald Trump has stated that Canadian airplane maker Bombardier must build its products in the US to continue selling in the American market. According to CNBC World, this is a condition for Bombardier to keep selling in the US.

Tensions in the Middle East have escalated, with Iran vowing to strike energy infrastructure in response to further US attacks on its assets, as reported by FXStreet. This has led to concerns over regional oil supply, with crude oil prices surging nearly 10% last week. Saudi Aramco's facilities in Jazan were targeted on Monday, but damage was limited. Iran and Oman are nearing an agreement to manage shipping through the Strait of Hormuz, which has raised concerns about Tehran's growing control of the waterway.

The ongoing conflict in the Middle East has also had an impact on the global economy, with the Malaysian ringgit remaining cautious against the US dollar, according to Free Malaysia Today. The conflict is expected to drive crude oil prices higher, which could result in higher US inflation and potentially lead to a US interest rate hike. However, the ringgit is expected to maintain a tight range posture due to a positive domestic macroeconomic backdrop.

Brief written by urgent.news from CNBC World, FXStreet, Free Malaysia Today — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.