Trump leaves G7 summit early due to Middle East situation

U.S. President Donald Trump left the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday, Reuters reported.

French President Emmanuel Macron said Trump had made an offer for a ceasefire between Israel and Iran.

Trump had earlier urged everyone to immediately evacuate Tehran, and reiterated that Iran should have signed a nuclear deal with the United States.

"Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State," Press Secretary Karoline Leavitt said on X, according to Reuters.

The G7 has struggled to find unity over conflicts in Ukraine and between Israel and Iran as Trump overtly expressed support for Russian President Vladimir Putin and has imposed tariffs on many of the allies present.

Oil prices rise and US futures fall as Israel urges residents of Iran’s capital to evacuate

Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel’s military issued an evacuation warning to 330,000 people in Iran’s capital Tehran, Associated Press reported.

Asian shares were mixed. 

The evacuation warning was for a part of Tehran, a city of 9.5 million, that houses the country’s state TV and police headquarters and three large hospitals, including one owned by Iran’s paramilitary Revolutionary Guard. U.S. President Donald Trump announced he was returning from the G7 summit in Canada a day early due to the intensifying conflict.

The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3%, according to Associated Press.

In Asia, Tokyo’s Nikkei 225 index climbing 0.6% to 38,547.56 as the Japanese central bank opted to keep its key interest rate unchanged at 0.5%.

US and UK announce a trade deal, but steel imports unresolved

U.S. President Donald Trump signed an agreement on Monday formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal, Reuters reported.

The deal, announced by Trump and British Prime Minister Keir Starmer on the sidelines of the G7 Summit in Canada, reaffirmed quotas and tariff rates on British automobiles and eliminated tariffs on the U.K. aerospace sector, but the issue of steel and aluminum remains unresolved.

Other critical industries, such as pharmaceuticals, were not mentioned.

Trump said the relationship with Britain was "fantastic," as he waved, and then briefly dropped, a document that he said he had just signed.

"We signed it and it's done," he said, incorrectly calling it a trade agreement with the European Union, before making clear the deal was with Britain, according to Reuters.

House meeting scheduled for 1 pm today

The House of Representatives (HoR) is scheduled to meet at 1 pm today. 

The meeting is scheduled to pass the bill on federal civil service.

Minister for Federal Affairs and General Administration Raj Kumar Gupta will be presenting a proposal, seeking discussion on the 'federal civil service bill along with a report of the State Affairs and Good Governance Committee, 2082'.

As per schedule, Chairman of the State Affairs and Good Governance Committee, Ramhari Khatiwada is presenting 'committee report on Nepal citizenship (2nd amendment), 2082'.