Leaders of some of the world’s biggest economic powers will arrive in the Canadian Rockies on Sunday for a Group of Seven summit overshadowed by a widening war across the Middle East and U.S. President Donald Trump’s unresolved trade war with allies and rivals alike.

Russian President Vladimir Putin and U.S. President Donald Trump held a 50-minute phone call Saturday to discuss the escalating situation in the Middle East and Ukraine peace talks, Putin aide Yuri Ushakov said.

UK Prime Minister Keir Starmer has announced the deployment of military assets, including jets, to the Middle East for contingency support amid rising tensions between Israel and Iran. , UK News - Tim

Sir Keir Starmer has said RAF jets and military assets are being sent to the Middle East. It comes after Iran warned the UK, US and France their bases in the region will be targeted if they help Israel stop Tehran's strikes.

Following Israeli strikes on Iran, one retired military officer told NewsNation, The Hill’s sister network, that the U.S. should stay out of the fight. Iran has already vowed retaliation and the U.S. has shifted military assets into the region in case they are needed.

In sweeping attacks that started Friday, Israel struck at the regime in Tehran, hitting Iranian nuclear and military assets. Iran retaliated with barrages of ballistic missiles and drones. It is the most intense fighting in decades between the two heavily armed countries.

The Russian leader briefed Trump on his recent talks with officials in Iran and Israel, and reiterated Moscow's proposal to seek mutual solutions on the Iranian nuclear issue.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.