Overview

• Iran has asked regional allies to urge President Trump to broker a ceasefire with Israel and indicated it is ready to negotiate ending hostilities.
• President Trump urged civilians to evacuate Tehran and cut short his G7 summit visit, intensifying market concerns over potential U.S. involvement.
• Brent crude and West Texas Intermediate prices rose on fears that the conflict could disrupt Middle East oil supplies.
• Investors flocked to safe havens, sending U.S. stock futures lower and gold prices higher in early Asian trading.
• Traders are eyeing Federal Reserve and Bank of Japan meetings this week as both central banks are expected to hold rates steady.