[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.

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"A US official tells me Iran sent on Monday a 10-point response for the proposal to end the war. The U.S. official said the response was "maximalist" and unclear if it will allow moving forward to a diplomatic solution", via Axios' Ravid

Yemen's Houthis says they carried out an attack against Israel on Monday

[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

Iran has responded to the US proposal on ending the war, via Pakistan, according to IRNA; has rejected the ceasefire, seeks permanent end to the war, and a protocol for safe passage through the Strait of Hormuz, reconstruction and lifting of sanctions

Yemeni Armed Forces says an important statement will be made at 17:40 local time (15:40 BST / 10:40 EDT)

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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.

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