[MARKET UPDATE]: Stocks see upside and crude downside as Tehran Times says diplomatic and indirect channels of talks with the US are not closed

The news about continued diplomatic talks between the US and Iran is likely providing a boost to equities as it implies a potentially less tense geopolitical environment. Conversely, this sentiment could be contributing to the weakness in crude prices, as improved relations may lead to concerns over increased Iranian oil supply in the market, weighing on prices. Traders should monitor how this unfolds, as any substantive advancements in talks could shift risk appetite and impact commodities further.