Futures tracking the S&P/TSX Composite Index edged lower on Thursday as investors assessed renewed tensions between the US and Iran alongside earnings from AI chip giant Nvidia. Oil prices rebounded, reviving concerns that a war-driven energy shock could lift inflation and pressure central banks to keep interest rates elevated, weighing on banks and the broader market. Iranian leader Ali Khamenei reportedly ordered that the country’s near weapons-grade uranium should not be shipped abroad, despite US President Donald Trump having assured Israeli allies that Iran’s enriched uranium stockpile would leave the country under any peace agreement. Meanwhile, lower gold prices pressured mining shares. Beyond geopolitics, Nvidia’s quarterly sales surged 85%, beating forecasts and supporting sentiment toward AI-related stocks across North America.