The U.S. and Iran held direct talks in Pakistan on Friday, but oil prices remained largely unchanged as the negotiations failed to produce a clear outcome.
International benchmark Brent crude futures closed at $105.33 per barrel, while West Texas Intermediate (WTI) futures fell more than 1% to $94.40.
The meeting followed earlier failed attempts at diplomacy and did not result in a de-escalation signal strong enough to move the market.
The muted reaction in oil markets highlights the limited immediate impact of the talks on investor sentiment.
Energy traders appear to have priced in the uncertainty surrounding the negotiations, with no significant shift in either Brent or WTI futures.
Analysts noted that the outcome of the meeting is unlikely to alter the broader dynamics affecting the energy sector, including ongoing geopolitical tensions and supply chain disruptions.