- US military conducted drills in Caracas on May 29, while Iran simultaneously released a new map claiming control over the Strait of Hormuz.
- Geopolitical tensions in the Middle East are causing disruptions around the Strait of Hormuz, leading to oil price hikes and impacting specific tech companies.
- Energy price shock resulting from the ongoing conflict in the Middle East.
Conflict in the Middle East is driving energy price increases, prompting the Bank of Canada to manage monetary policy.
5 reports, 5 independent
Updated Sep 15
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What happened
Conflict in the Middle East is driving energy price increases, prompting the Bank of Canada to manage monetary policy.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.BOC tracks inflation risks stemming from Middle East conflict energy prices.1 source
BoC manages monetary policy in response to energy price increases from Middle East conflict.1 source
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Part of
Energy price shock resulting from the ongoing conflict in the Middle East.Also in this story
- Brent crude slipped below $92 per barrel amid renewed tensions, impacting major players like Nestlé and Oil India.
- The economic fallout from the Middle East conflict includes energy supply disruptions, rising prices, and complications for interest rate setting for businesses.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Bank of Canada
central bank of Canada
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