The Iranian delegation, led by chief negotiator Mohammad Bagher Ghalibaf, has departed for Tehran, concluding an 18-hour session of peace talks with US counterparts in Switzerland.
State media reported the group's exit from the Bürgenstock resort, marking the end of the latest round of direct negotiations aimed at resolving ongoing tensions between the two nations.
The talks concluded without a publicized breakthrough, despite earlier reports suggesting the sides had agreed on a roadmap to reach a final peace deal within 60 days.
The absence of a concrete agreement or joint statement upon departure suggests that significant hurdles remain in bridging the gap between Washington and Tehran.
The diplomatic stalemate leaves the broader geopolitical risk premium intact, with no immediate catalyst for de-escalation in sight.
Markets have reacted cautiously to the news, with energy prices holding steady as traders assess the implications of the failed talks.