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Markets increased the odds of a Bank of Canada rate hike, pricing in more than a 20% chance of an increase next month and a potential 75 basis points of tightening by year-end. The shift followed rising energy prices and inflation concerns amid the Iran war and the closure of the Strait of Hormuz; the Bank of Canada has held its policy rate at 2.25% since October.
Disrupted energy flows through the Strait of Hormuz are pushing up energy costs and could raise inflation and operating expenses across supply chains. Higher energy prices may also increase feed production and transport costs, though the article gives no specific feed commodity price impact.
europesays.comNov 8, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
