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.

French President Emmanuel Macron was speaking to reporters just as news came that President Trump was leaving early to handle the unfolding crisis in the Middle East. Trump, according to Macron, said "moments ago" that talks were underway. "If the United States can get a ceasefire, that's a very good thing," he said. "France would support it."

Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current Israel-Iran conflict.

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.

A resolution by Senator Tim Kaine of Virginia would require congressional approval before U.S. troops could engage in hostilities against Iran. He said Americans don’t want another “forever war.”

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.

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.