Iran-Israel conflict: Trump to leave G7 early
US President Donald Trump was leaving a Group of Seven summit early on Monday as he hinted of greater involvement in the Israel-Iran conflict after issuing an ominous warning for the capital Tehran to evacuate..After a day of speaking with G7 leaders at a Canada summit about the need for a negotiated deal, Trump took to social media to back Israel and issue a warning to Tehran, a city of nearly 10 million people. .Iran launches new wave of missile attacks on Israel as conflict enters Day 5.”Everyone should immediately evacuate Tehran!” Trump wrote on his Truth Social platform..Shortly afterward, White House Press Secretary Karoline Leavitt said that Trump would return to Washington late Monday due to the crisis, a day earlier than planned..Trump will miss a day of meetings in the Rockies resort of Kananaskis that was also expected to include meetings with the leaders of Ukraine and Mexico..Sheikh Abdullah discusses regional developments with foreign ministers by phone.Trump has repeatedly declined to say if the United States would participate in Israeli military action, although he says it was not involved in initial strikes..He told reporters before his decision was announced to leave early: “As soon as I leave here, we”re going to be doing something. But I have to leave here.”.Trump, who has praised Israel”s strikes despite his stated preference for diplomacy, said Iran would be “foolish” not to agree to a negotiated settlement..Iran state TV briefly knocked off air by strike after missiles kill 11 in Israel.”It”s painful for both parties, but I”d say Iran is not winning this war, and they should talk, and they should talk immediately, before it”s too late,” Trump told reporters as he met Canadian Prime Minister Mark Carney..Israel has struck major nuclear and military sites and killed leading commanders and nuclear scientists in Iran, which has responded with its own volley of drones and missiles on Israel..Travel advisory: Dubai Airports brace for flight disruptions amid airspace closures.Onus on Iran.Canada and European leaders had looked to draft a statement on the crisis, but diplomats said that Trump has not committed the United States to joining it..Leaders of the club of industrialized democracies — Britain, Canada, France, Germany, Italy, Japan and the United States — have mostly backed Israel but concern has mounted as the violence intensifies..Israel-Iran conflict: UAE travellers shell out thousands for return flights from CIS nations.French President Emmanuel Macron, speaking to reporters on Monday, pleaded with Israel to spare civilians in Iran..Any statement would be expected to put the onus on Iran and stop short of calling for an immediate ceasefire..”We”ll highlight the legitimate right of the state of Israel to defend itself and we will also discuss potential additional measures to reach a diplomatic solution,” German Chancellor Friedrich Merz said..Khamenei, Iran”s political survivor, faces ultimate test.British Prime Minister Keir Starmer said that G7 leaders share concern about Iran”s nuclear program but also: “I do think there”s a consensus for de-escalation.”.Unusually, Japan — which has historic relations with Iran and limited domestic pressure related to the Middle East — has broken with its Western allies to condemn Israel”s attack, calling it “completely unacceptable and deeply regrettable.”.Iran, since Trump pulled out of an earlier nuclear deal in 2018, has ramped up uranium enrichment but not yet at levels to create an atomic bomb. .Israel is widely known to have nuclear weapons but does not acknowledge them publicly..Easing tensions with Trump.The summit at a wooded lodge under snow-topped mountains comes after months of tumult on the global stage since Trump”s return..Seeking to shatter a decades-old US-led global economic order, Trump has vowed sweeping tariffs on friends and foes alike although he has postponed implementation until July 9..But Trump voiced optimism about a resolution with Canada and signed documents with Starmer to confirm an agreement with Britain..Trump has previously mocked host Canada, stating that the vast but less populated neighbor should become the 51st US state..But Trump has appeared to show more respect to Canada since Carney, a staid former central banker, took over from the more flamboyant Justin Trudeau in March..Trump was “very respectful” and spoke of “how much he likes Canada,” said the country”s ambassador to Washington, Kirsten Hillman..Trump had taken office seeking diplomacy both on Iran and Ukraine, which Russia attacked in 2022..Trump has since voiced frustration that Russian President Vladimir Putin has not accepted a US proposal for a ceasefire. .The US president has previously mused about readmitting Russia to the G8, from which it was expelled in 2014 after invading and annexing Ukraine”s region of Crimea, triggering a war which accelerated in 2022 with a full-scale Russian invasion..Trump said Monday that Putin was “very insulted” by the G8 expulsion and that if Russia were still a member, “you wouldn”t have a war right now.”
Source: AFP
China tells citizens in Israel to leave “as soon as possible” as conflict continues
China”s embassy in Israel on Tuesday urged its citizens to leave the country “as soon as possible”, after Israel and Iran traded heavy strikes..”The Chinese mission in Israel reminds Chinese nationals to leave the country as soon as possible via land border crossings, on the precondition that they can guarantee their personal safety,” the embassy said in a statement on WeChat..Iran launches new wave of missile attacks on Israel as conflict enters Day 5.”It is recommended to depart in the direction of Jordan,” it added..The statement comes as Israel launched a surprise aerial campaign last week against targets across Iran, saying they aimed to prevent its arch-foe from acquiring atomic weapons — an ambition Tehran denies..Iran-Israel conflict: Trump to leave G7 early.Meanwhile, US President Donald Trump has urged Iran back to the negotiating table after Israel”s attacks derailed ongoing nuclear talks..Beijing”s embassy said on Tuesday the conflict was “continuing to escalate”..”Much civilian infrastructure has been damaged, civilian casualties are on the rise, and the security situation is becoming more serious,” it said.
Source: AFP
Oil rises, US futures drop on Trump Tehran warning: Markets wrap
Global markets received a jolt in early Asia hours after President Donald Trump called for the evacuation of Tehran, in comments that contrasted with earlier optimism that Israel’s war against Iran wouldn’t escalate into a wider conflict..US futures fell 0.6% and oil climbed almost 2% following Trump’s comments in a social media post from a Group of Seven leaders’ summit in Alberta. It wasn’t clear what he was referring to but hours earlier, Trump had said Iran wanted to make a deal. Oil had earlier dropped on signs that the conflict in the Middle East may avoid disrupting crude production..Mixed signsA gauge of Asian stocks slipped, though Japanese and South Korean shares were marginally higher, after risk-on sentiment returned to Wall Street on Monday and pushed the S&P 500 up about 1% and back above 6,000. .There were mixed signs that investors will keep faith in the US economy, as longer-maturity Treasuries continued to lag the market even after a $13 billion sale of 20-year bonds drew the expected yield level — a notable improvement from last month’s auction disappointment that spurred a broad selloff. The dollar was little changed..Trump earlier said Iran wants to talk about de-escalating the conflict with Israel even as the two sides exchanged fire for the fourth consecutive day. Asked if the US would get more involved militarily, the US leader said he didn’t want to discuss it. However, he is cutting short his visit to the G-7, according to the White House, and returning to Washington..Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn’t join the Israeli attacks, the Wall Street Journal reported Monday citing Middle Eastern and European officials it didn’t identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman..DisruptionThe outbreak of hostilities between Israel and Iran disrupted the momentum that had driven the S&P 500 back near record levels. While markets initially adopted a cautious, risk-off stance to assess how the conflict might unfold, sentiment improved on Monday as investors speculated the attacks were unlikely to draw in more parties..“Focus will remain on geopolitical headlines, but as long as the conflict stays limited between Israel and Iran, it’s unlikely to materially impact the markets,” said Tom Essaye at The Sevens Report..Investors in Asia will be keeping an eye on the Group of Seven summit in Alberta, Canada, where Trump met with Japanese Prime Minister Shigeru Ishiba on Monday. Tokyo is seeking a full removal of tariffs imposed by the US, including a 25% levy hitting crucial auto industry exports. Without a deal, the world’s fourth-largest economy could tip into a technical recession..The Bank of Japan is set to keep rates on hold at its two-day meeting ending Tuesday. The focus is a review of its bond purchase reduction plan, almost a year since it started shrinking its balance sheet, according to Bloomberg Economics..The mood in China was boosted on Monday as data showed unexpectedly strong retail sales in May gave the economy some relief from US tariffs. Still, the momentum may not last as deflationary forces persist and a housing market slump shows signs of deepening..Despite calmer market sentiment in the US, the Middle East remains tense. Israel launched an attack on the South Pars gas field, forcing the halt of a production platform, following strikes on Iran’s nuclear sites and military leadership last week. However, critical crude oil-exporting infrastructure has so far been spared and there’s been no blockage of the vital Strait of Hormuz..Middle East producers ship about a fifth of the world’s daily output through the narrow waterway, and prices could soar further if Tehran attempts to disrupt shipments through the route. .Tensions in the Middle East will only add to the conundrum that major central banks face as they assess risks to inflation and growth from tariffs and stop-start commerce flows..Wall Street will focus on the Federal Reserve decision Wednesday, with policymakers signaling an extended hold on rates. Investors are looking to Chair Jerome Powell for clues on what might eventually prompt the central bank to make a move, and when..“He may describe recent inflation developments as encouraging, but also downplay their relevance given uncertainty ahead due to tariffs, fiscal policy, and the recent spike in the oil price due to geopolitical developments,” said David Doyle at Macquarie Group. “On net, the risks to market pricing for 2025 lie in a hawkish direction post the communication.”.Some of the main moves in markets:.Stocks.S&P 500 futures fell 0.5% as of 9:05 a.m. Tokyo timeJapan’s Topix was little changedAustralia’s S&P/ASX 200 fell 0.1%Euro Stoxx 50 futures rose 0.9%.Currencies.The Bloomberg Dollar Spot Index was little changedThe euro fell 0.1% to $1.1549The Japanese yen was little changed at 144.84 per dollarThe offshore yuan was little changed at 7.1843 per dollar.Cryptocurrencies.Bitcoin fell 2% to $106,641.01Ether fell 5% to $2,537.6.Bonds.The yield on 10-year Treasuries declined two basis points to 4.43%Japan’s 10-year yield advanced 3.5 basis points to 1.445%Australia’s 10-year yield was little changed at 4.23%.Commodities.West Texas Intermediate crude rose 1.9% to $73.11 a barrelSpot gold rose 0.5% to $3,400.49 an ounce.This story was produced with the assistance of Bloomberg Automation.
Source: Bloomberg
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ارتفعت أسعار الذهب اليوم الثلاثاء.وارتفع الذهب في المعاملات الفورية 0.4 بالمئة إلى 3396.67 دولار للأوقية بحلول الساعة 0239 بتوقيت جرينتش بعد انخفاضه بأكثر من واحد بالمئة يوم الاثنين.واستقرت العقود الأميركية الآجلة للذهب عند 3416.30 دولار.وبالنسبة للمعادن النفيسة الأخرى، ارتفعت الفضة في المعاملات الف
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