US stocks declined with headwinds from higher oil prices and yields amid geopolitical uncertainty, while Trump threatened to bomb US ally Oman – Newsquawk Daily Asia-Pac Market Open

US stocks ended the first session of the week in the red as US-Iran newsflow dominated the tape, in otherwise a light session of headlines in typical summer trading conditions. Recapping, sources said the 60-day period between Iran and the US has been extended, while a Senior Iranian official said Iran has decided to shift its policy from defensive to a ‘fully offensive’ one, and Trump stated there are ongoing back channels with the IRGC, which the IRGC denied. As such, slight risk-off price action was seen, as Treasuries weakened and oil gained, settling at highs. Given this, sectors were…