Finance

Geopolitical anxieties have heightened as the Trump administration prepares to unveil severe financial sanctions aimed at Iran's trade network. In response, Iranian officials warned they would view support for the measures as an act of war, triggering broader uncertainty despite a slight retreat in crude oil benchmarks.

The Canadian dollar weakened notably after trade negotiations between the U.S. and Canada abruptly collapsed. In response to new American import levies, Canadian Prime Minister Mark Carney suspended discussions and vowed to execute retaliatory duties on various U.S. goods, including steel and agricultural equipment.

Bitcoin held strong above the $77,000 threshold to sustain its most significant weekly surge in three years. Risk-asset demand was broadly amplified by an expansion in U.S. Treasury bond buybacks, pushing alternative holdings like gold and XRP substantially higher.