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Trump threatens Iran with new attacks amid G7 summit talks in Évian

Executive summary: At the G7 summit in Évian, President Trump warned Iran of new attacks unless it changes its behavior and stated that no $300 billion would be allocated to Iran. The statements increase diplomatic pressure on Iran and could trigger further sanctions, influencing global financial markets and energy security.

Who is involved: President Donald Trump, President Emmanuel Macron, Iranian leadership, G7 members.

Likely next: Escalated diplomatic warnings, potential new sanctions, and possible market volatility in geopolitical risk assets.

The G7 leaders met in Évian where President Trump reiterated his hardline stance toward Iran, linking potential Hormus operations to behavioral conditions. Macron engaged with Trump but did not secure concrete commitments. The rhetoric raises geopolitical tension affecting global markets.

What's next — scenarios

Maximum Pressure Escalation (40%)

Increased volatility in Brent Crude and a sudden spike in maritime insurance premiums in the Persian Gulf.

Diplomatic De-escalation / Status Quo (45%)

Energy markets stabilize as rhetoric is viewed as posturing rather than imminent kinetic action.

Kinetic Conflict / Strait Closure (15%)

Severe global supply chain disruption and immediate energy price shock exceeding $100/barrel.

What to watch

Timeline

Analysis — what this means

Likely next events

Sectors affected

Regulatory implications

Historical parallels

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