Markets soar, oil prices plummet as hopes rise for U.S.-Iran peace

CBC News | May 6, 2026, 9:22 a.m. | Original

Oil prices fell under $100 US following pleas for peace in the Middle East by China's foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes.

Canadian sues U.S. Homeland Security, which allegedly sought his Google data after critical social media posts 'Important that we unite': Canadians cheering on Canadiens in Stanley Cup bid