Stocks Erase Early Gains as Crude Prices Jump on Iran Concerns

Canada has sought to recalibrate its diplomatic relationships amid the geopolitical shifts triggered by the Trump administration.

Myron Brilliant, former Executive Vice President of the US Chamber of Commerce, says the Middle East conflict is adding uncertainty to the planned Trump-Xi meeting. Chinese officials are reportedly frustrated by the lack of progress and clear direction for the summit, and they remain concerned about President Trump’s unpredictability. However, Brilliant still expects the summit to happen. (Source: Bloomberg)

The yuan is on track to overtake the yen as the second-most traded currency against the dollar in the foreign-exchange options market, according to London-based clearing house LCH.

Pakistan is looking to buy liquefied natural gas from the expensive spot market for the first time in over two years as the government rushes to ease an energy shortfall triggered by the conflict in the Middle East.