Iran has blocked the Strait of Hormuz, a critical oil-shipping lane, an action Canada’s Foreign Affairs Minister Anita Anand says violates international law. Canada is evaluating how to support Gulf countries after the blockade, which risks disrupting oil flows and elevating energy and logistics sector risk, likely prompting a risk-off reaction in markets.
Iran has blocked the Strait of Hormuz, a critical oil-shipping lane, an action Canada’s Foreign Affairs Minister Anita Anand says violates international law. Canada is evaluating how to support Gulf countries after the blockade, which risks disrupting oil flows and elevating energy and logistics sector risk, likely prompting a risk-off reaction in markets.
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mildly negative
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