Oil price spike from Iran war could help Canada in CUSMA talks, experts say | Page 13 | Unpublished
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Source Feed: Global News - Canada
Author: Globalnews Digital
Publication Date: March 13, 2026 - 09:18

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Oil price spike from Iran war could help Canada in CUSMA talks, experts say

March 13, 2026
Countries around the world are grappling with skyrocketing costs for key commodities like oil and fertilizer as the war with Iran continues to upend global trade.


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Canada has finally met NATO’s two per cent defence spending target, buoyed by a $9.3 billion surge and internal accounting changes. The long-elusive milestone fulfills Prime Minister Mark Carney’s promise under intense allied pressure, but comes as NATO shifts the goalposts farther and scrutiny turns to how the money is actually spent.
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