US EditionIran War Disruptions Boost Canada’s Leverage Ahead of July CUSMA Review
Disruptions from the Iran war have increased Canada’s leverage in CUSMA talks by highlighting U.S. reliance on Canadian oil, gas, fertilizer, and potash amid rising global prices.
- On March 13, 2026, The Canadian Press reported that Iran's closure of the Strait of Hormuz increased oil and gas prices, while Trump's tariff policy slowed investments, complicating CUSMA talks.
- A fifth of the world's oil typically sails through the Strait of Hormuz, and Iran's effective closure pushed up crude, gas, and aluminum prices while fertilizer and potash shipments face delays before planting season.
- The Department of Justice recently opened an antitrust probe into fertilizer producers including Nutrien, while fertilizer and potash delays plus aluminum price jumps hit sectors just weeks before planting season.
- Canada's role as a major commodity supplier means American farmers faced higher costs and falling sales that prompted a U.S. bailout last year, highlighting U.S. industrial base dependence.
- The CUSMA review in July forces a three-way choice, and experts say political and market pressures may shift bargaining leverage, with trusted partners becoming more important, Inu Manak said.
24 Articles
24 Articles
Eric Ham: Trump needs a win, and Canada’s CUSMA deal could be his lifeline
Washington political analyst Eric Ham argues that President Trump's military engagement in Iran—which has triggered job losses, plummeting approval ratings and the abandonment of U.S. allies—has paradoxically strengthened Canada's negotiating position heading into CUSMA talks this summer.
The Toronto Star
Price shocks from Iran war could give Canada leverage in CUSMA talks: experts
WASHINGTON - Countries around the world are grappling with skyrocketing costs for key commodities like oil and fertilizer as the war with Iran continues to upend global trade.
Does Canada have leverage going into CUSMA talks as war in Iran drags on?
International trade lawyer Mark Warner says trade negotiations may not be affected because of the closure of the Strait of Hormuz due to the U.S.-Israel war against Iran, but issues could arise if allies like Canada refuse to help escort ships through the strait should the U.S. ask. »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/newsFollow CBC News o…
Canada is an alternative supplier for many raw materials. The post The war in Iran could have an impact on the negotiations of the ACEUM appeared first on Les Affaires.
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