13:11:00 EDT Mon 11 May 2026
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Exxon Mobil CDR (CAD Hedged)
Symbol XOM
Shares Issued 1,900,000
Close 2026-05-08 C$ 26.16
Market Cap C$ 49,704,000
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Globe/wire say Exxon, rivals hear Iran war has stalled

2026-05-11 07:39 ET - In the News

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The Globe and Mail reports in its Saturday edition that efforts to end the United States-Iran war stalled as both sides exchanged fire in the Gulf of Hormuz. A Reuters dispatch to The Globe reports that a CIA analysis says Iran could endure a naval blockade for about four months, indicating limited U.S. leverage as both parties seek to resolve the conflict. A senior intelligence official dismissed the CIA analysis as "false," saying the blockade is causing significant damage by severing trade, crushing revenue and accelerating economic collapse. The UAE came under renewed attack on Friday. Washington is waiting for Tehran's reply to a U.S. proposal to formally end the war before discussing its nuclear program. Secretary of State Marco Rubio said Friday that he's "expecting a response from them." Iran's Foreign Ministry spokesman said Tehran was still weighing its response. Meanwhile, more sporadic clashes between Iranian forces and U.S. vessels took place in the Strait on Friday. The Tasnim news agency says the situation has calmed but warns more clashes are possible. Foreign Minister Abbas Araghchi said on Friday that whenever a diplomatic solution is available, the U.S. chooses a reckless military adventure.

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