U.S. stocks extended their losses as rising oil prices and uncertainty surrounding Iran's participation in peace talks weighed heavily on the market. Reports indicated that Vice President JD Vance's diplomatic trip to Islamabad was put on hold due to Tehran's failure to respond to U.S. negotiating positions. Brent crude oil prices hovered near $99, contributing to fears of a deepening global energy crisis, especially with the vital Strait of Hormuz remaining largely inactive. President Donald Trump stated that Iran had 'no choice' but to engage in negotiations, while also hinting at potential military responses if a breakthrough is not achieved. Meanwhile, U.S. Treasury yields rose alongside the dollar, reflecting increased market volatility. Despite these challenges, U.S. retail sales surged, marking the highest increase in a year, suggesting that consumer spending remains robust despite rising gasoline prices caused by the ongoing conflict. Analysts caution that while waiting for clearer signals in the market may not be profitable, moving to a high-risk posture carries its own dangers.