Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer demand season.

U.S. President Donald Trump posted an ominous message on his social media site later Monday calling for the immediate evacuation of Tehran. “IRAN CAN NOT HAVE A NUCLEAR WEAPON,” Trump wrote, adding that “Everyone should immediately evacuate Tehran!”

After canceling negotiations with the U.S. scheduled for Sunday, Tehran has signaled it is willing to talk.

The strikes came after the Israeli military said it had carried out fresh strikes on Iran nuclear infrastructure sites.

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