Global shares were mostly higher Wednesday and oil prices slipped as investors awaited a decision on interest rates by the Federal Reserve, which was expected to keep its key interest rate unchanged for a straight time.

Oil prices continued to gyrate as the conflict in the Middle East intensified.

The Senate is expected to approve legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what is expected to be a wave of crypto legislation from Congress that the industry hopes will bolster its legitimacy and reassure consumers.

The fast-moving legislation, which will be sent to the House for potential revisions, comes on the heels of a 2024 campaign cycle where the crypto industry ranked among the top political spenders in the country, underscoring its growing influence in Washington and beyond.

U.S. stocks are slipping on Tuesday following signals that one of the U.S. economy's main engines, spending by households, is weakening while Israel's conflict with Iran may be worsening.

The S&P 500 was 0.4% lower in early trading. The Dow Jones Industrial Average was down 129 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.

President Joseph Aoun on Monday discussed with Ousmane Dione, World Bank Vice President for the Middle East and North Africa, and Jean-Christophe Carré, World Bank Regional Director, projects previously approved by the World Bank's Board of Directors and are still awaiting parliamentary approval.

When U.S. President Donald Trump last came to Canada for a Group of Seven summit, the enduring image was of him seated with his arms folded defiantly as then-German Chancellor Angela Merkel stared daggers at him.

If there is a shared mission at this year's G7 summit, which begins Monday in Canada's Rocky Mountains, it is a desire to minimize any fireworks at a moment of combustible tensions.

Asian shares rose Monday and oil prices extended gains on worries that escalating Iran-Israel tensions could disrupt the flow of crude around the world.

U.S. benchmark crude oil added 71 cents to $73.69 per barrel. Brent crude, the international standard, gained 58 cents to $74.81 per barrel.

U.S. President Donald Trump will arrive Sunday for a Group of Seven summit in a country he has suggested should be annexed and as he wages a trade war with America's longstanding allies.

Trump's calls to make Canada the 51st U.S. state have infuriated Canadians, and Prime Minister Mark Carney, who won his office by pledging to confront the U.S. president's increased aggression, now hosts the G7 summit.

Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them.

U.S. benchmark crude oil rose by $3.93, or 5.8%, to $71.97 per barrel. Brent crude, the international standard, increased by $3.82 to $73.18 per barrel.

China's dominance over critical minerals in global supply chains was a powerful bargaining chip in trade talks between Beijing and Washington that concluded with both sides saying they have a framework to pursue a deal.

China has spent decades building the world's main industrial chain for mining and processing such materials, which are used in many industries such as electronics, advanced manufacturing, defense and health care.

U.S. stocks are drifting lower as momentum wanes from a big rally that had brought the market to the brink of a record. The S&P 500 fell 0.3% in early trading Thursday. The Dow Jones Industrial Average was down 238 points, or 0.6%. The Nasdaq composite lost 0.2%. Treasury yields fell in the bond market after a report on inflation in wholesale prices came in milder than expected. Boeing's stock fell after one of the company's jets crashed in India with more than 240 people aboard. Business software maker Oracle rose sharply after reporting results that came in well ahead of forecasts.

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.