US stocks ended lower while crude futures rose as markets swung from early optimism on Hormuz negotiations to renewed pessimism on escalating geopolitical risks.US military carried out strikes in Iran's Qeshm port and Bandar Abbas, according to Fox news citing a US official, however this is not a restart of the war or the end of the ceasefire. Iran's Top Joint Military Command said the US violated the ceasefire by targeting Iranian oil tanker and another ship entering the Strait of Hormuz and Iran will respond powerfully and without the slightest hesitation to any attack. Looking ahead, highlights include Japanese PMIs Final…