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Exxon Mobil CDR (CAD Hedged)
Symbol XOM
Shares Issued 2,300,000
Close 2026-08-28 C$ 28.23
Market Cap C$ 64,929,000
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Globe/AP say Occidental hears Iran vow retaliation

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

See In the News (C-OXY) Occidental Petroleum CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Aug. 31, edition that United States forces targeted Iranian rocket launchers in the Strait of Hormuz on Sunday, their first military action in a month. An Associated Press dispatch to The Globe reports that Iran vowed to retaliate for the attack. Forces with the Revolutionary Guard Corps were observed preparing to launch rockets with sea mines into the strait. The U.S. military last week completed clearing sea mines from the strait's shipping routes. A return to open conflict would be dangerous for the region. "Sunday's attack was a fatal mistake by the Trump regime, and the enemy will face military and economic consequences," said RGC General Hossein Mohebi. The U.S. turn to using sanctions came as the administration weighs diminished munitions stockpiles after months of war, sparking concerns that the prolonged conflict could undermine U.S. military readiness in other parts of the globe. As the conflict grinds on, Mr. Trump's talk of finding a quick end to the war also appears to be fading. He stressed last week that he's "not in a hurry" to get Iran back to the negotiating table, and he continues making the case that the Islamic Republic's leadership is on the ropes.

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