Global Markets: Saudi Arabian Crown Prince warns of war, seeks peace

By MarketsFarm

WINNIPEG, Sept. 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– In an interview on 60 Minutes, Saudi Arabia’s Crown Prince Mohammed bin Salman warned that an armed conflict with Iran would spark a sharp rise in crude oil prices. While he blamed attacks on Saudi Arabian oil facilities on Sept. 14 on Iran, he also said he preferred a peaceful resolution to the conflict.

– Canada’s Industrial Product Price Index increased by 0.2 per cent in August, after a 0.3 per cent decline the previous month, according to a report from Statistics Canada. Meanwhile, the Raw Materials Price Index declined by 1.8 per cent on the month, after a 1.3 per cent increase in July.

– Heavy late monsoon rains in the northern Indian states of Bihar and Uttar Pradesh have killed at least 100 people and caused severe damage from flooding.

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

GFM Network News's recent articles



Stories from our other publications