Iran, Israel and Stock futures
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Crude oil reversed course Monday amid ongoing tensions between Israel and Iran. This as President Trump heads to the G-7 meeting in Canada. U.S. stocks drifted as investors kick off the week. FOX Business is providing real-time updates on the markets,
The International Energy Agency tweaked its global oil demand forecast, now expecting demand to rise by 720,000 barrels a day this year versus 740,000 barrels previously, citing weak second-quarter deliveries in the U.
Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.
Israeli forces stepped up bombing of Iranian cities, while Iran pierced Israeli air defences with a successful volleys of retaliatory missile strikes.
President Donald Trump is abruptly leaving the Group of Seven summit, departing a day early Monday as the conflict between Israel and Iran intensifies and the U_S_ leader has declared that Tehran should be evacuated “immediately.