News

Market News: The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding to guide coordination and cooperation.

G7 statement: The G7 reiterated its determination to continue imposing sanctions on Russia.

Canadian Petroleum Producers Association: In the face of the Iran crisis, Canada's ability to significantly increase oil production in the short term is very limited.

US President Trump: We have defeated Iran’s navy and leadership.

The European Union has warned that the conflict with Iran could push inflation in the region to over 3%.

Canada’s Energy Minister stated that Canada will participate in multilateral actions for global energy security.

A U.S. federal appeals court has rejected a request by U.S. President Donald Trump's administration to overturn a New York tunnel financing ruling.

U.S. offshore oil producer Sable (SOC.N) rose 21% on reports that Trump would invoke an emergency law to support the company and pave the way for the resumption of oil production off the coast of Southern California.

U.S. President Trump said that he had struck down 28 Iranian mine-laying ships.

US Secretary of the Interior: Venezuela’s daily oil production may reach 4 million barrels, which is a reasonable expectation.

U.S. Secretary of the Interior: What you heard from the IEA today makes sense.

US Secretary of the Interior: We will see US oil companies announce that they have increased production based on price signals.

Market news: Britain plans to activate oil reserves on Friday.

U.S. budget spending in February was $621 billion, up from $603 billion in February 2025; revenue was $313 billion, up from $296 billion in February 2025.

U.S. net customs revenue in February was $26.59 billion.

U.S. Treasury officials said that U.S. budget revenue and expenditures set records for the month in February.

The U.S. deficit so far in fiscal year 2026 is $1.004 trillion, compared with a deficit of $1.147 trillion in the same period in fiscal 2025.

The U.S. government budget in February was -$308 billion, compared with the expected -$75.85 billion, and the previous value was -$94.6 billion.

U.S. State Department: These groups have also targeted hotels throughout Iraq, including in the Kurdistan region of Iraq, where Americans often stay.

The FBI has warned police departments in California that Iran is seeking to retaliate against U.S. military action by launching offensive drones onto the U.S. West Coast.