[MARKET UPDATE] Stocks fall and crude prices continue ticking higher as geopolitics remain in focus ahead of Trump's deadline, earlier reports suggested Kharg Island was hit whilst reports said Iran closed all diplomatic channels with the US

The tightening geopolitical landscape, particularly concerning US-Iran relations, is driving a negative sentiment in equities while pushing crude prices higher. The reported attack on Kharg Island and Iran's severance of diplomatic channels with the US heighten tensions, suggesting potential supply chain disruptions that could further elevate oil prices. Traders should be cautious as these developments may lead to increased volatility across markets, particularly in energy and equities.