Investors weigh geopolitical uncertainty after Tehran indicates further review of the latest Gaza truce proposal.
US stocks turned lower in afternoon trading as Iran stated it was still evaluating the latest ceasefire proposal for Gaza. The delay introduced fresh uncertainty into global risk sentiment, prompting a pullback from earlier session highs.
Major indices had opened higher on optimism over cooling Middle East tensions, with the S&P 500 up 0.3% before reversing course. Analysts noted that geopolitical developments remain a key driver of market volatility amid thin summer liquidity.
No immediate market reaction data was provided, though safe-haven assets such as gold and Treasury yields typically benefit from such delays.