Geopolitical tensions stemming from the Iran conflict are injecting fresh uncertainty into the Bank of Canada’s upcoming 2026 rate decision, with policymakers already grappling with mixed domestic data and global trade risks. The surge in crude prices, including Oil – Brent Crude, complicates the inflation outlook and may constrain the central bank’s flexibility on easing policy.
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Oil – Brent Crude has climbed about 51.9% over the past month, reflecting heightened supply concerns and a rising geopolitical risk premium in energy markets. The 1-day technical stance for Brent currently flashes a Buy signal, suggesting near-term momentum remains constructive even as macro risks and policy uncertainty could increase volatility. Investors can explore more updates, prices, and analysis across global markets at Commodities.