FX.co ★ TSX Futures Edge Higher on US-Iran Peace Hopes

Futures linked to the S&P/TSX Composite Index inched higher on Thursday as investors weighed signs that a Middle East peace agreement may be nearing. A key Pakistani mediator in Tehran, along with the Trump administration, signaled progress toward a deal that could reopen the Strait of Hormuz. Oil prices extended their advance on continued supply uncertainty, though they remained well below recent highs, limiting the upside for energy producers. At the same time, European buyers — including Germany’s Uniper — are evaluating long-term LNG procurement from Canada’s Pacific coast, with shipments routed through the Panama Canal, as part of a broader effort to diversify energy supplies, a priority made more urgent by the Iran war. Gold prices also climbed, lending support to mining shares.