High-level negotiations between the United States and Iran in Switzerland have concluded without a final agreement, mediators confirmed early Monday.
The talks, which aimed to secure a permanent end to the conflict, failed to produce a breakthrough in the first round, leaving the diplomatic path unresolved.
Brent crude prices held firm in early trading, with the geopolitical risk premium remaining intact as markets digest the lack of a settlement.
The absence of a deal means that shipping risks in the Strait of Hormuz persist, keeping a lid on any potential pullback in energy valuations.
Traders are likely to maintain cautious positioning until a clear timeline for resolution emerges.
Mediators from Qatar and Pakistan had previously indicated that the US and Iran had agreed on a comprehensive plan to conclude the conflict within 60 days.