Trump Urges Tehran Evacuation, Markets React Sharply

Global markets were shaken after President Donald Trump called for the immediate evacuation of Tehran amid escalating Israel-Iran hostilities, leading to a nearly 2% surge in oil prices and a 0.5% drop in S&P 500 futures. Trump's warning eclipsed previous hopes that the conflict would remain contained and avoid disrupting oil production. He cut short his G7 summit attendance to address the crisis, heightening concerns about possible U.S. military involvement and increasing market uncertainty. Reports indicate Iran is open to de-escalation and resuming nuclear talks if the U.S. stays out of Israeli attacks, with mediation efforts underway through regional intermediaries. Despite the turmoil, Wall Street had closed higher on Monday, reflecting earlier investor optimism for a ceasefire. Investors now await further Middle East developments and decisions from the Federal Reserve.