Global markets experienced volatility as investors considered the implications of the escalating situation between Israel and Iran. This shift in sentiment followed President Donald Trump’s call for the evacuation of Tehran, which stood in stark contrast to the previous optimism that tensions would not escalate into a broader conflict.
In the wake of Trump’s remarks, U.S. stock futures dropped by 0.4%. Meanwhile, gold prices increased, and the oil market saw fluctuations, oscillating between gains and losses. Trump’s comments originated from a social media post made during a Group of Seven leaders’ summit held in Alberta. While the exact reference in his statement was unclear, he had earlier asserted that Iran sought to engage in negotiations.