As the conflict between Iran and Israel continues to intensify, a strongly worded statement from U.S. President Donald Trump has sent shockwaves across global diplomatic and economic landscapes. Speaking during the G7 Summit in Alberta, Trump issued a stern warning to Tehran, heightening concerns about a potential escalation in the Middle East.
In a post made on his Truth Social media platform, President Trump declared, “Iran should have signed the deal I offered. Let me be clear — Iran will not be allowed to obtain a nuclear bomb. I have said this repeatedly. Everyone should evacuate Tehran immediately.”
The message, which comes amid mounting tensions between Iran and Israel, has triggered widespread alarm. Trump’s reference to a potential threat to Tehran has not only fueled geopolitical anxieties but also caused tremors in international markets.
Following Trump’s statement, market analysts have warned of a possible spike in global oil prices, citing fears of supply disruption from the region. The Middle East remains a key hub for crude oil production, and any instability in Iran has historically led to volatility in oil markets.
India, one of the world’s largest oil importers, is expected to feel the impact if prices continue to rise. An increase in global crude rates could lead to higher petrol and diesel prices domestically, further straining inflationary pressures and impacting consumer budgets.