Blasts have been heard in Tehran and sirens have sounded in Israel as US president convenes National Security Council.

In a separate report on the outlook to 2030, the IEA forecast that oil supply would continue to outstrip demand over the next five years. Global oil demand is expected to increase by 2.5mn b/d between 2024 and 2030, reaching “a plateau” of 105.5mn by the end of the decade.

President Donald Trump signaled Monday that the ongoing conflict between Israel and Iran was intensifying rapidly, announcing he would return to Washington a day early from the Group of 7 summit in Canada to monitor developments after issuing an ominous warning to Iranians to “immediately evacuate” their capital city.

During the news conference with Carney, Trump repeatedly mentioned that Russia was thrown out of what used to be the G8 in 2014 - and blamed Barack Obama and former Canadian Prime Minister Justin Trudeau. Canada was led by Stephen Harper at the time, not Trudeau.

Futures tied to Canada's main stock index fell on Tuesday as the Iran-Israel conflict entered its fifth day, with investors fleeing to safe-haven assets on fears that the tensions could spiral into broader regional unrest.

The president unexpectedly departed the G7 summit in Canada and said he was turning his attention to the escalating conflict in the Middle East. The Morning Joe panel discusses.

Stocks are trading down by about 0.5%. As is gold. What's rallying? Oil! "Black Gold" is up more than 1.5% on worries that a resolution in the Middle East might take longer than it seemed just yesterday.

Before ma’amoul were treats served at special occasions, they were simple biscuits that fueled travelers. “‘Ma’amoul’ is not really a fancy word,” says Nawal Nasrallah, an Iraqi food writer and historian, known for translating medieval Middle Eastern recipes into English. It comes from the Arabic verb ‘amala, which means “to do” or “to make.”