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The Supreme Court on Wednesday, in a 6-3 decision, limited the use of the landmark Voting Rights Act.
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The Gulf government has long complained about the group's quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC's influence.
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Oil prices rose as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.
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Sovereign wealth funds are usually started with extra money that governments then use to invest. But the Canada Strong Fund will differ from wealth funds in some other countries, and there are plenty of details that still need to be sorted out.
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