U.S. and Iranian negotiations to end the ongoing war remain deadlocked, with President Donald Trump stating he is "in no hurry" to finalize a deal.
The stalemate, now in its fourth month, has left markets on edge over potential disruptions to global energy flows and broader geopolitical stability.
The lack of progress has triggered renewed volatility in oil markets, with Brent crude futures showing heightened sensitivity to developments in the Strait of Hormuz.
Analysts note that any escalation in hostilities could further strain supply chains and push prices higher.
The situation reflects a broader pattern of delayed diplomacy, with Trump reportedly setting new conditions for a resolution.
This comes amid growing pressure from allies and financial markets for a swift de-escalation.