Trump Walks Out, Markets Shudder: Oil Soars, Stocks Slide

President Trump exits the G7 summit with a warning for Tehran and markets recoil. We unpack how the escalating Middle East crisis is rattling investors, lifting oil, and souring global sentiment. Plus, US retail sales slump, airline shares dive, and the UK clinches a trade deal with Washington. From Wall Street to Westminster, here’s what you need to know.📝 Show Notes:US stocks fell sharply Tuesday as President Trump called for the evacuation of Tehran and issued threats against Iran’s leadership.Oil prices jumped after tanker collisions and tensions in the Strait of Hormuz, fuelling gains in energy stocks and heavy losses in travel names.US retail sales declined 0.9% in May — the steepest drop in four months — while capacity utilisation missed expectations and housing sentiment dropped to 2022 lows.Trump and UK Prime Minister Keir Starmer signed a new bilateral trade deal, lifting tariffs on British exports.European markets declined as the conflict intensified, though German investor sentiment surged to a 26-month high.Asia-Pacific equities were mixed, with Japan rising and China slipping. The Bank of Japan held rates steady but signalled a slow unwind of bond purchases.Trump failed to strike a trade deal with Japan, raising the prospect of steep US tariffs on Japanese goods next month.Ocean Wilsons soared in London after announcing a merger with Hansa Investment Company.Morgan Sindall and B&M also rallied on upbeat updates, while Bunzl slumped on a broker downgrade.