Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.

Iran is a strategic partner to Russia, but Moscow isn't rushing to Tehran's aid in the face of Israeli strikes.

President Donald Trump signaled Monday that the ongoing conflict between Israel and Iran was intensifying rapidly, announcing he would return to Washington a day early from the Group of 7 summit in Canada to monitor developments after issuing an ominous warning to Iranians to “immediately evacuate” their capital city.

By Amanda Cooper LONDON (Reuters) -Stocks fell, while oil and gold rose on Tuesday, as fighting between Israel and Iran entered a fifth day, making investors nervous over the risk of the conflict widening in a week packed with key central bank decisions.

The president unexpectedly departed the G7 summit in Canada and said he was turning his attention to the escalating conflict in the Middle East. The Morning Joe panel discusses.

In a separate report on the outlook to 2030, the IEA forecast that oil supply would continue to outstrip demand over the next five years. Global oil demand is expected to increase by 2.5mn b/d between 2024 and 2030, reaching “a plateau” of 105.5mn by the end of the decade.

The U.S. military has moved a large number of refueling aircraft to Europe to provide options to President Donald Trump as Middle East tensions erupt into conflict between Iran and Israel, two U.S. officials told Reuters on Monday,