Negotiations between the United States and Iran have extended well into the night, with both delegations remaining at the Bürgenstock venue in Switzerland.
An American diplomat confirmed that talks continued through the early hours of Monday, following a first day characterized by a high tone and sharp exchanges.
The persistence of the diplomatic standoff maintains a floor of geopolitical risk for global energy markets.
With no breakthrough reported, traders are likely to keep a risk premium on crude oil and shipping rates, particularly given the strategic importance of the Strait of Hormuz to global supply chains.
The lack of a clear resolution timeline suggests that volatility in energy complexes may remain elevated in the near term.
The talks follow a period of heightened diplomatic engagement, with both sides indicating a willingness to continue working through the night.