U.S., European Stocks Rise Amid Iran-Israel Tensions, Oil Price Volatility

Global markets are reacting cautiously amid escalating tensions between Israel and Iran, which have triggered airstrikes and raised concerns about disruptions to oil exports from the Middle East. U.S. President Donald Trump has cut short his G7 summit attendance to hold an emergency meeting on the situation, reflecting heightened geopolitical focus. Despite recent market volatility, U.S. stock futures have shown some recovery, supported by easing oil prices and anticipation of the upcoming Federal Reserve meeting, where interest rates are expected to remain steady. European stock markets opened higher, with gains in oil and gas sectors amid rising crude prices, while European central banks are expected to adopt a cautious approach to monetary policy given inflation targets and economic uncertainties. Oil prices remain elevated due to the conflict, affecting energy sectors and global inflation concerns. Investors are closely monitoring Fed Chair Jerome Powell's comments and projections for clues on future rate cuts amidst a complex economic and geopolitical environment.