India, July 13 -- The Canadian dollar strengthened against other major currencies in the Asian session on Monday, as the crude oil prices climbed after the military attacks between Iran and the United States over the weekend.
The Brent Crude Oil increased 4.46 percent, reaching $79.40 per barrel.
The renewed geopolitical tension in the Middle East after reports of U.S.-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz, raised global inflationary pressures amid spiking crude oil prices. The latest escalation also delays the broader resolution to the conflict.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....