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Line chart of WTI crude oil daily closing prices showing a volatile week amid Hormuz tensions.

WTI crude steadied near $84 Friday after swinging more than $8 across the prior five sessions, on track for its largest monthly gain since March as the conflict escalated rather than resolved. Vessel traffic through the Strait of Hormuz, cited earlier in the week as a sign of normalization, reversed sharply, and Iran targeted US assets in Kuwait and strait tankers Friday. The same volatility pushed the Government of Canada five year bond yield up 7 basis points, a rate that feeds directly into fixed mortgage pricing for Canadians renewing soon.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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