TSX futures slip as US-Iran tensions lift oil prices
June futures on the S&P/TSX index fell 0.1% as uncertainty over a U.S.-Iran peace deal fueled inflation concerns. Oil prices rose 1% amid the ongoing conflict.
Canada stock futures fell 0.1% early Monday as escalating tensions between the United States and Iran drove energy prices higher. The S&P/TSX composite index remains 2% below its March 2 peak. For investors, the lack of a diplomatic resolution threatens to keep inflation elevated and pressure the resource-heavy Canadian market.
### Geopolitical Friction Drives Energy Gains Brent Crude Oil rose 1% early Monday after Iran warned United States forces to avoid the Strait of Hormuz. The warning followed statements from President Donald Trump regarding the guidance of ships stranded during the ongoing conflict involving Israel.
