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Politico: U.S. House Speaker Boris Johnson Said Congress Will Pass Funding For A War Against Iran "at The Appropriate Time."
Iran Has Denied Reports That Its Intelligence Ministry Had Contacted The United States To Discuss Ending The Middle East War. The New York Times Previously Reported That Iranian Agents Indirectly Contacted The CIA On Sunday To Discuss Terms For Ending The Conflict. According To The Semi-official Tasnim News Agency, A Source Within The Iranian Intelligence Ministry Called The Report "pure Lies And Psychological Warfare." Oil Prices Briefly Rose Following The Denial But Quickly Fell Back As Traders Turned Their Attention To The US Navy's Plans To Escort Oil Tankers In The Strait Of Hormuz. Traffic In This Crucial Chokepoint Has Plummeted Since Saturday's US-Israeli Attack On Iran, Which Triggered The War. Both Iran And The United States Have Publicly Vowed To Continue Fighting, Increasing The Likelihood Of A Protracted Conflict In The Middle East. So Far, The Conflict Has Claimed More Than 1,000 Lives (mainly In Iran)
[Strait Of Hormuz Blockade Triggers Storage Tank Crisis; Middle Eastern Oil Producers Face Production Cut Countdown] With The War In Iran Blocking The Region's Main Export Artery, Middle Eastern Oil Producers Are Facing A Tense Countdown. If The Situation Continues, Storage Tanks Will Fill Up, Forcing These Countries To Cut Production. Iraq, With Its Limited Storage Capacity, Has Already Been Forced To Begin Large-scale Production Cuts; JPMorgan Chase Warns That Other Countries, Such As Saudi Arabia And The UAE, May Follow Suit Within Weeks. The Joint US-Israeli Military Operation Has Pushed London Brent Crude Futures To A 19-month High Of Over $85 Per Barrel. More Severe Production Cuts Could Exacerbate The Rally And Increase Inflationary Pressures On The Global Economy
The Times Of London: A Western Official Revealed That Britain Is Not Ruling Out Participating In A Strike Against Iran To Deplete Its Missile Stockpile
Turkish Central Bank: Price Rise In The Tobacco Group Will Also Have Carryover Effects In March
EU Lawmakers Continue Suspension Of Work On Legislative Proposals For EU-US Trade Deal - Member Of European Parliament
Polish Central Bank Sees GDP Growth At 2.0-3.8% In 2027 Versus 1.5-3.7% In November Projections
Romania Revises March Domestic Debt Issuance Plan To 6.4 Billion Lei From 8 Billion Lei Initially-Finance Minister Data

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BOC Gov Macklem Speaks
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The U.S. Senate held its first vote on Iran's "war powers resolution."
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[Severe Winter Storm Sweeps Across The United States, Airlines Cancel Hundreds Of Flights] As A Severe Winter Storm Sweeps Across The United States, Bringing Heavy Snow And Sleet, Followed By Severe Cold, Airlines Have Canceled More Than 1,300 Flights Scheduled For Friday And Saturday

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