Israel-Iran tensions impact: Crude oil climbs over $1 amid geopoliitcal concerns, evacuation fears hit global markets

Global stock markets experienced a downturn, and oil prices surged due to Israel's evacuation warning in Tehran, heightening fears of a broader regional conflict. European and Asian equities declined, while US futures pointed lower amidst investor anxiety. The Bank of Japan acknowledged economic uncertainties, and investors remained watchful of trade tensions and the upcoming US Federal Reserve meeting.

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