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Global markets reacted to Israel's evacuation warning for a part of Tehran, impacting European and Asian share prices. US futures also declined. Oil prices surged over $1 a barrel due to escalating tensions between Israel and Iran, fueled by concerns of potential oil supply disruptions. European markets saw significant drops, while Asian markets showed mixed results. The Bank of Japan maintained its key interest rate unchanged. Despite Monday's Wall Street gains, investor concerns remain about trade tariffs and their potential impact on the US economy.

Prepared by Christopher Adams and reviewed by editorial team.