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FACTBOX - 2 months of Iran war: Commodity shock deepens as Hormuz disruption lifts energy, fertilizer costs

Brent, WTI up around 60% from pre-war levels, European gas, sulfur and fertilizers have also risen sharply, while precious metals have retreated from February peaks29 April 2026

US Treasury yields hit highest levels since March as oil surge clouds Fed outlook

Traders have largely abandoned expectations for Fed rate cut this year ahead of policy decision29 April 2026

Turkish aerospace officials reveal plans at Ankara space tech event

Design phase for communications satellite Turksat 7A wraps up as officials say equatorial spaceport in Somalia aims to ensure Türkiye’s independence in space while Ankara targets lunar mission in 202729 April 2026

Bank of Canada holds policy rate at 2.25%, warns higher energy prices may lift inflation

Central bank says Iran war has sharply raised energy prices, disrupted transport, added to global inflation pressures29 April 2026

Oil prices jump over 5% as US-Iran stalemate keeps Hormuz supply fears alive

Brent futures rise 5% to near $117, West Texas Intermediate climbs 4.9% to around $105 as dollar gains ahead of Fed decision29 April 2026

High jet fuel costs drive up air fares, int'l aviation body says

Int'l traffic in Middle East declines around 61% in March, IATA data show29 April 2026

Higher energy prices continue to push Germany's inflation up

Energy prices up 10.1% in April, highest since February 202329 April 2026

OPEC exit: Why the UAE is leaving and what it means

Move may have limited immediate market impact due to Iran war and Hormuz disruption, but could reshape longer-term oil supply dynamics, experts say 29 April 2026

April inflation data to test global markets amid Middle East energy shocks

- March price spikes keep investors on edge as April data to gauge broader inflation impact29 April 2026

All eyes turn to Fed’s rate decision amid mixed trend in global markets

Wednesday’s monetary policy meeting may be Fed Chair Jerome Powell’s last with his tenure coming to a close, while investors lock into Magnificent 7’s financial statements29 April 2026

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