President Donald Trump does not intend to sign onto a joint statement calling for de-escalation between Israel and Iran that had been drafted by G7 leaders in Canada, according to a person familiar with the matter.

G7 leaders are set to reaffirm a joint commitment that they agreed to a year ago to prevent and counter migrant smuggling, and will explore using sanctions to target criminals involved in smuggling, according to a draft outcome document seen by Reuters on Monday.

President Donald Trump is meeting with G7 leaders this week, as the administration runs out of time to secure tariff deals before next month’s deadline.

South Korean President Lee Jae-myung departed for Canada on Monday to attend the Group of Seven summit, his first overseas engagement since taking office earlier this month.

The leaders of the U.S., Canada and other nations are assembling in Alberta to talk trade, the Middle East and other topics.

Trump and Zelenskyy are expected to meet during a Group of Seven summit for advanced economies that's taking place in a remote area of Canada.

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Gold fell on Monday as investors weighed the impact of the ongoing Israel-Iran conflict, while also focusing on the Group of Seven leaders meeting and the Federal Reserve policy decision later this week.