[MARKET UPDATE] Stocks slip and crude lifts as Iran publishes its reponse to the US proposal on ending the war, a response that includes Iranian demands and rejects a ceasefire

The market's response to Iran's rejection of a ceasefire and its outlined demands may signal increased tensions, which typically supports crude oil prices as fears of supply disruptions rise. In contrast, stock markets are reacting negatively, likely due to the heightened geopolitical uncertainty that could affect global growth. Traders should monitor energy sector dynamics alongside broader market sentiment in relation to geopolitical developments.