EconomyStocks Fall, Oil Rises as Iran Refuses to Soften Demands; US, China to Cut Tariffs

US equity futures and Treasuries decline as uncertainty over the US-Iran conflict pushes oil higher and raises inflation concerns. Tehran says it remains committed to a proposal to reopen the Strait of Hormuz, which President Trump rejected. The US and China unveil a detailed plan to cut tariffs on about $30 billion of each other’s imports. Nvidia introduces a two-layer AI security system designed to prevent agents from going awry.