Indirect talks between the United States and Iran in Doha concluded on Wednesday without a clear path toward a lasting peace, according to France 24.
The two-day session focused on implementing parts of a June agreement but failed to produce a breakthrough, leaving the Strait of Hormuz as a central point of contention.
The lack of progress sustains the risk premium embedded in global energy markets.
With the Strait of Hormuz remaining a focal point of diplomatic friction, traders are likely to maintain caution regarding potential supply disruptions.
The failure to de-escalate tensions means that shipping routes through the critical chokepoint remain exposed to geopolitical volatility.
This development follows earlier high-level negotiations in Switzerland that also ended without a final agreement.