Market Turbulence Amid Iran Conflict and Federal Reserve Developments

Wall Street witnessed a decline on Tuesday with stocks reflecting a global downtrend triggered by ongoing Iran war tensions and U.S. economic policy shifts. As the session closed, Iran rejected further negotiations unless U.S. pressure tactics ceased, casting shadows on worldwide markets.

President Donald Trump extended the ceasefire with Iran pending new proposals, following the U.S. seizure of an Iranian ship. Additionally, Federal Reserve chair candidate Kevin Warsh advocated for a banking "regime change" in his Senate testimony, sparking further market anxiety.

Despite stronger-than-expected U.S. retail sales driven by gas price hikes, major stock indices like Dow Jones and S&P 500 declined, while European and global stocks mirrored U.S. trends. Meanwhile, U.S. Treasury yields rose, and oil prices surged, signaling continuing market volatility.

(With inputs from agencies.)