Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply.

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. But prices edged back up after Trump took to social media calling for the evacuation of the Iranian capital,

The FTSE 100 index is seen lower while the oil price has risen in the wake of the latest developments in the Middle East. Donald Trump warned “everyone should evacuate Tehran” as it was announced he would be departing the G7 leaders’ summit early.

U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East. Both global and U.S. oil prices surged more than 4% on Wednesday to their highest levels since early April before easing a bit on Thursday.

Global production is well placed to cope with Iranian disruption.

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.

The Indian rupee is likely to dip at the open on Tuesday, weighed down by rising oil prices and a decline in U.S. equity futures after U.S. President Donald Trump called for the evacuation of Tehran.

President Trump's trade policies keep grabbing the spotlight, along with the Israel-Iran conflict. Follow along for the latest updates on markets, including the Dow industrials, S&P 500 and Nasdaq Composite.