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Canadian Natural Resources Ltd
Symbol CNQ
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Close 2026-07-30 C$ 66.22
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Globe/AP say Cenovus sees Iran war peace hopes dim

2026-07-31 08:05 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Friday edition that the United States and Iran each fired barrages of missiles Thursday, as the pattern of back-and-forth strikes took hold again and hope dimmed for a quick end to the five-month conflict. An Associated Press dispatch to The Globe says that following a few days of respite, fears of a wider war have grown, with renewed fighting threatening to engulf even more countries. Jordan said it intercepted Iranian missiles for the second consecutive day, while Kuwait said a strike in the northern part of the country killed one person. Drones have caused fires on ships at an Egyptian port, and Saudi Arabia said it came under fire from Iran-backed militias in Iraq. The war -- in which U.S. President Donald Trump has repeated declared victory -- has caused the price of fuel to spike and roiled the global economy. As months have passed, concerns have deepened about using up the stockpile of weapons the U.S. needs to defend its bases and allies. The war is unpopular among Americans, and a new AP-NORC poll says Mr. Trump's approval rating on Iran has dipped slightly since last month. Pakistan's Foreign Ministry, a key mediator, said talks continue to reopen the Strait of Hormuz.

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