Daily brief
Canada and India have signed a long-term uranium supply deal worth approximately $1.9 billion. The agreement, involving Canadian firm Cameco, was finalized during a visit by Canada's Trade Minister to India, where she met with Prime Minister Narendra Modi. Both nations also announced their aim to finalize a broader trade agreement by year's end, signaling a reset in diplomatic and economic ties.
Tensions in the Middle East are causing significant economic disruption in India, with the rupee falling to a one-month low and stock markets tumbling.
Analysts say India is highly vulnerable to prolonged disruptions of Middle Eastern oil, with refiners reportedly looking to increase Russian oil purchases as an alternative.
Onion exports from India have plunged as the country floods the market with supply.
Dubai airports have partially reopened amid holiday travel chaos caused by regional tensions (ongoing coverage).