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Seven commodity ships sailed along the Strait of Hormuz on Thursday, just half the previous day's tally, showed data from shiptracker Kpler, amid concern over risk to Middle East shipping as U.S.-Iran peace talks remain in limbo. Of the total, four ships entered and three exited the waterway, which was used by nearly a fifth of global shipments of crude oil and liquefied natural gas before war began in February. The seven did not include any very large crude carriers or liquefied natural [Read more]

TORONTO - Canada’s main stock index edged lower Thursday while U.S. markets also lost ground as geopolitical concerns sent oil prices higher. Uncertainty continues over the U.S. war with Iran and when oil tankers will once again be able to freely exit the Persian Gulf. U.S. President Donald Trump threatened Iran with “the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY” late Wednesday but provided few details. The October crude oil contract was up US$2.44 at US$86.83 per [Read more]

U.S. drone and radar maker Powerus said on Thursday it had signed a commercial contract worth approximately $22.3 million to supply counter-drone technology aimed at protecting oil and gas infrastructure in the Middle East. The system would detect, track and classify drone threats, feeding information to a central control hub at the customer's site to give operators a single picture of aerial activity in the area, the company said. Powerus did not disclose the identity of the customer or the [Read more]

  CALGARY, AB, Aug. 20, 2026 /CNW/ -- Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2026. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2026 and [Read more]

A threat by U.S. President Donald Trump to impose unprecedented economic warfare and isolation on Iran could have implications for countries that trade with it. Trump warned of economic consequences for any country that supports Iran. Here are some of Iran's main trading partners in recent years: CHINA China, the biggest buyer of Iranian oil, could face additional pressures from the U.S. over its purchases if Trump follows through on his promise. Over the past decade, China has [Read more]

The United States will impose "the toughest sanctions in history" on Iran, U.S. Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington. Bessent said he would hold a press conference on Monday to discuss details. "It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history," Bessent told CNBC. "It is going to work in Iran and we are going to collapse this regime." "It is time for our allies [Read more]

Iran's foreign ministry condemned newly announced U.S. economic and trade sanctions on Thursday, saying they targeted ordinary Iranians and amounted to "economic terrorism" and crimes against humanity. U.S. President Donald Trump warned on Wednesday of sweeping economic consequences for any country that provided what he called "any type of lifeline to Iran", threatening economic warfare and isolation on an unprecedented scale. The Iranian foreign ministry said the measures would not weaken [Read more]

BANFF - Nova Scotia Premier Tim Houston says Canada’s trade dispute with the U.S. has been a wake-up call to diversify the province’s economy. Houston was responding late Wednesday to a potential Canada-U.S. trade deal from Banff, Alta., where he’s promoting energy projects at an industry conference. He said the dispute has taught the province it needs to develop more diverse trading partners for sectors like seafood and agriculture, though the U.S. market is still important. He said [Read more]