News Briefing: 13 November 2026 | The Future Market News Center

WORLD

World & conflicts

Iran war: new warnings on both sides, oil prices rise again

What happened: This is an update to yesterday's story. On 11 November, Israeli media reported that Israel's security cabinet ordered the military to step up preparations for a possible attack on Iran, Al Jazeera said. Iran's security chief Mohsen Rezaei said that if the US starts another war, military bases involved "from West Asia to Europe" would be targets. Iran's chief negotiator, parliament speaker Mohammad Bagher Ghalibaf, told Al Jazeera that Iran is open to a deal and "the ball is now in the American court". Iran rejected a US proposal to move its enriched uranium to another country, while Qatar continues to mediate and the US naval blockade stays in place.

What it means for you: Al Jazeera reported that oil prices rose on 11 November after Iran rejected the proposal, with Brent crude settling at $92.76 a barrel. Oil prices feed into fuel, fares and shipping costs in every country, including Canada, the US, the Philippines, China, Japan and South Korea, which all import energy or goods that move by sea. It is not known whether the talks will move forward or the conflict will grow, so prices may keep changing.

What you can do:

Keep some room in your budget for higher fuel and delivery costs over the next few months.
Before any travel to the Middle East, check your country's official advisory: travel.gc.ca, travel.state.gov, dfa.gov.ph, anzen.mofa.go.jp, 0404.go.kr or cs.mfa.gov.cn.
If family members work in the Gulf, make sure they are registered with their embassy and know how to reach it.
Be careful with urgent "donation" or "evacuation" appeals online. Check the group through official channels before giving money or personal details.

Learn more: Personal Finance Basics; Spotting Money Scams

Sources: Al Jazeera, 12 Nov 2026; Al Jazeera, 12 Nov 2026

Russia–Ukraine: US envoys meet Putin, new round of talks agreed

What happened: US envoys Steve Witkoff and Jared Kushner met Russian President Vladimir Putin at the Kremlin on 12 November for more than two hours. Afterwards, Witkoff said progress was made and that a new round of talks had been agreed, with European representatives set to take part. No date was given. Putin repeated his opposition to foreign peacekeeping troops in Ukraine after any deal, which reports describe as one of the main gaps that remain. The envoys then travelled to Dublin to brief Ukrainian President Volodymyr Zelenskyy.

What it means for you: There is no direct change for most learners today. Ukraine and Russia are important to world supplies of energy and grain, so news about talks can affect prices over time. It is too early to know whether these talks will lead to a ceasefire.

What you can do:

Follow updates from more than one trusted outlet, and avoid sharing unverified videos or claims.
If you know people with family in Ukraine or Russia, a short, kind check-in helps.
If you want to help, give only through registered charities that you have checked yourself.

Learn more: Critical Thinking & Decision-Making; Spotting Money Scams

Sources: The Washington Post, 12 Nov 2026; The Moscow Times, 12 Nov 2026

MONEY

Economy & money

US prices rise 0.4% in October

What happened: The US Bureau of Labor Statistics said on 10 November that consumer prices rose 0.4% in October, after 0.6% in September. Prices excluding food and energy rose 0.3%. Shelter costs made up more than 30% of the monthly increase, and energy rose 0.7% after a large jump in September. There is no yearly rate for October because data for October 2025 were not collected during last year's government shutdown; the last yearly rate was 3.7% in September. ABC News also reported that employers added 165,000 jobs in October.

What it means for you: Prices in the US are still rising faster than the Federal Reserve's 2% goal. ABC News reported that markets expect the Fed may raise rates again at its December meeting, but that is a market expectation, not a decision. For Canadians and others who shop, travel or do business in the US, US prices and interest rates can also affect exchange rates.

What you can do:

Track your three biggest monthly costs (often rent, food and transport) and check them again next month.
If you have variable-rate debt, find out how much your payment would change if rates go up.
Small business owners selling to US customers: review your costs and prices on a regular schedule.

Learn more: Personal Finance Basics; Everyday Math: percentages, fractions, money math

Sources: US Bureau of Labor Statistics, CPI news release, 10 Nov 2026; ABC News (via ABC7), 11 Nov 2026

China: consumer prices slow, factory prices climb

What happened: China's National Bureau of Statistics said consumer prices rose 0.7% in October from a year earlier, down from 0.9% in September, CNBC reported on 9 November. Core prices, without food and energy, rose 0.8%. Producer prices, which are prices at the factory gate, rose 5.7%, the fastest pace since June 2022. Higher gasoline prices pushed consumer prices up, while a drop in food prices pulled them down.

What it means for you: For families in China, everyday prices are rising slowly, but fuel costs are higher. Rising factory prices in China can, over time, make some imported goods more expensive in other countries, including Canada, the US, the Philippines, Japan and South Korea. How much of this reaches store shelves is uncertain.

What you can do:

Small business owners who buy from China: ask suppliers early about price changes and delivery times.
Compare prices before big purchases, and do not rush because of "prices are going up" sales pressure.

Learn more: Import, Export & Small Trading Business; Bookkeeping Basics for small business

Sources: CNBC, 9 Nov 2026

POLITICS

Politics

Leaders gather in Manila for the ASEAN Summit

What happened: The Philippines hosts the 49th ASEAN Summit and related summits in Manila from 15 to 17 November, with leaders arriving from 14 November, GMA News reported. Leaders from Brazil and Canada attend as guests, and dialogue partners include China, Japan, South Korea, the US and others, Philstar reported. Canada's Prime Minister Mark Carney is scheduled to meet President Ferdinand Marcos Jr. on 14 November, as Canada aims to finish trade deals with the Philippines and with ASEAN. South Korea's President Lee Jae-myung travels from 16 to 19 November to Manila and then to the APEC summit in Shenzhen, China, SBS News reported.

What it means for you: Metro Manila residents can expect heavy security and possible traffic changes around summit venues. Any trade deal between Canada and the Philippines or ASEAN would only take effect after it is signed and its details are published, so nothing changes yet for prices or jobs.

What you can do:

If you live in or are travelling to Metro Manila, check official government and local advisories for road closures and any special non-working days.
Small business owners who import or export: wait for official details on canada.ca or dti.gov.ph before changing plans.
Be careful with online offers that claim to use "new trade deal" or "summit" rules to get jobs or visas.

Learn more: Import, Export & Small Trading Business; Critical Thinking & Decision-Making

Sources: GMA News, 13 Nov 2026; Philstar, 12 Nov 2026; CBC News, Nov 2026; SBS News, 12 Nov 2026

SPORTS

Sports

Pete Crow-Armstrong wins NL MVP, Ohtani second

What happened: Chicago Cubs outfielder Pete Crow-Armstrong was named National League MVP on 12 November with all 30 first-place votes. Shohei Ohtani of the Los Angeles Dodgers finished second, ending his run of three straight MVP awards. Crow-Armstrong played all 162 games and joined the 40-home run, 40-stolen base club. Yordan Alvarez won the American League MVP.

What it means for you: Fans in Japan and around the world followed Ohtani's season closely. Finishing second while both hitting and pitching is still a strong year, and Crow-Armstrong's season shows what playing every day can add up to.

What you can do:

Watch a few highlights from each player and notice their daily habits, like warm-ups and focus between plays.
Pick one small fitness habit you can do every day this week.

Learn more: Show Up Every Day: habits & discipline; Home Fitness Basics

Sources: MLB.com, 12 Nov 2026; BBWAA, 12 Nov 2026

ATP Finals groups set in Turin

What happened: The draw for the Nitto ATP Finals, played 15 to 22 November in Turin, Italy, was made on 12 November. Alexander Zverev, Ben Shelton, Arthur Fils and Rafael Jodar are in one group. Carlos Alcaraz, Daniil Medvedev, Flavio Cobolli and Frances Tiafoe are in the other. Jannik Sinner is out with an injury, and four players are making their debut. The top two in each group reach the semi-finals.

What it means for you: It is a week of top tennis before the off-season, with several new faces to watch.

What you can do:

Watch a match and focus on one skill, such as the serve routine or how players recover between points.
Find an indoor tennis or pickleball group near you to stay active this winter.

Learn more: Tennis Fundamentals; Pickleball Fundamentals

Sources: ATP Tour, Nov 2026; Tennis Majors, Nov 2026

Son Heung-min and teammates say they will play together again

What happened: South Korea's national football team captain Son Heung-min and other players born in 1996, who had been linked to reports of internal discord, issued a joint apology and said they would unite and play together again, SBS News reported on 12 November.

What it means for you: Teams, like families and workplaces, sometimes have conflicts. Saying sorry and moving forward together is a skill that helps anyone.

What you can do:

If there is tension on your team, at school or at work, try a short, honest conversation focused on the shared goal.
Practise listening first before giving your side.

Learn more: Resilience: bouncing back from failure and setbacks; Show Up Every Day: habits & discipline

Sources: SBS News, 12 Nov 2026

CALM

Calm corner

News about wars and prices can feel heavy. You can stay informed without following every update.

Set a limit. Check the news once or twice a day. Turn off alerts you do not need.
Use trusted sources. Prefer outlets that name their sources and give dates. Be careful with posts that try to make you panic.
Take one small action. A budget check, a call to family, or a simple safety plan turns worry into something useful.
Talk to someone. Share how you feel with a friend, family member, coach or counsellor.
Talk with kids calmly. Keep it short and simple, and let them ask questions.

If you or someone you know is in crisis:

Canada: call or text 9-8-8, 24 hours a day, every day (988.ca).
United States: call or text 988, or chat at chat.988lifeline.org, free and 24/7 (988lifeline.org).
Philippines: National Center for Mental Health (NCMH) Crisis Hotline 1553. Check ncmh.gov.ph for the latest numbers.
China: nationwide psychological assistance hotline 12356, run by local health departments (National Health Commission notice).
Japan: Yorisoi Hotline 0120-279-338, toll free, 24 hours, with a foreign-language option (MHLW list).
South Korea: 109, the Ministry of Health and Welfare's 24-hour suicide prevention line, free to call.
In an emergency: 9-1-1 in Canada and the US, 911 in the Philippines, 110 (police) or 120 (ambulance) in China, 110 (police) or 119 (fire and ambulance) in Japan, and 112 (police) or 119 (fire and ambulance) in South Korea.

Learn more: Resilience: bouncing back from failure and setbacks; First Aid and Emergency Basics