[MARKET UPDATE] Crude rallies after reports that US-Iran nuclear talks on Friday have been cancelled; US equities extend to the downside as risk-off intensifies

The cancellation of US-Iran nuclear talks is likely fueling concerns about heightened tensions in the region, contributing to a crude oil rally as traders anticipate supply disruptions.

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[MARKET UPDATE] Crude rallies after reports that US-Iran nuclear talks on Friday have been cancelled; US equities extend to the downside as risk-off intensifies

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This uptick in oil prices typically impacts inflation expectations and may further pressure US equities as risk-off sentiment deepens in the market, leading to a challenging environment for stocks.

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