[MARKET UPDATE]: Oil climbs and stocks slide over the last couple of hours with still no confirmation of US/Iran talks while multiple reports say US delegation has not left for Pakistan yet and Iran has not yet made up its mind

The lack of confirmation regarding US/Iran talks is contributing to rising oil prices, while equities are experiencing downward pressure.

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[MARKET UPDATE]: Oil climbs and stocks slide over the last couple of hours with still no confirmation of US/Iran talks while multiple reports say US delegation has not left for Pakistan yet and Iran has not yet made up its mind

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Chances that US and Iran will bridge their differences and reach an agreement, or even a framework agreement, are very low to nonexistent, a senior Israeli diplomatic source told Al-Monitor.

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This divergence suggests heightened geopolitical risk perceived by investors, potentially leading to increased volatility in energy markets and subsequent spillovers into broader risk sentiment across asset classes.

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