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