Markets Rattle as Trump Exits G7, Oil Surges on Strait Fears

Global markets slipped and oil prices surged as Donald Trump abruptly departed the G7 summit and called for an evacuation of Tehran, reigniting fears of escalation in the Middle East. In today’s episode, we break down the geopolitical shockwaves, the oil market’s reaction, and why the FTSE is faring better than its European peers. Plus: a UK-US trade deal, Morgan Sindall’s earnings surprise, and Asia’s mixed day.Show Notes:US futures fall as Trump leaves the G7 early and warns TehranBrent crude spikes amid tanker fire near the UAE and Hormuz risksFTSE 100 outperforms thanks to BP, Shell and new UK-US trade dealEuropean banks slump as geopolitical tensions hit risk appetiteMorgan Sindall surges after raising 2025 guidanceJapan holds rates, plans gradual bond tapering; trade talks with US stallSingapore export shock; China tech drags; Nikkei gainsZEW sentiment beats expectations in GermanyAirline stocks down on oil price pressuresMarket outlook: risk-off sentiment prevails amid conflict fears