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Exxon Mobil CDR (CAD Hedged)
Symbol XOM
Shares Issued 1,900,000
Close 2026-04-17 C$ 26.56
Market Cap C$ 50,464,000
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Globe/wire say Occidental told strait status uncertain

2026-04-20 07:12 ET - In the News

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

The Globe and Mail reports in its Saturday edition that Iran temporarily reopened the Strait of Hormuz on Friday after a ceasefire agreement in Lebanon, raising optimism about peace talks, but Tehran warned that it could close the waterway again if the recent U.S. Navy blockade of Iranian ports continued. A Reuters dispatch to The Globe says Foreign Minister Abbas Araqchi announced on social media that the strait was open for all commercial vessels for the remainder of the U.S.-brokered 10-day truce that was agreed on Thursday between Israel and Lebanon, which was invaded by Israel to fight the Iran-allied Hezbollah militant group. President Donald Trump with Israel launched the war on Iran on Feb. 28 that has killed thousands of people and led to the strait's de facto closure. But subsequent statements and clarifications from both sides left uncertainty over how quickly shipping might return to normal, and some vessels could be observed making unsuccessful attempts to cross the strait on Friday before turning back. Mr. Trump said a U.S. blockade of ships sailing to Iranian ports, announced after talks with Iran last weekend ended without agreement, would remain until "our transaction with Iran is 100 per cent complete."

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