US-Iran talks collapsed after 21 hours, with JD Vance stating Iran's nuclear ambitions remain the central obstacle to peace. The failure raises concerns over the future of the Strait of Hormuz and regional security. President Trump maintained that the US remains in a position of strength despite the talks' failure.
US-Iran nuclear talks collapsed over enrichment disputes, though future negotiations remain possible. Markets view the situation as temporarily stable, but the prospect of a permanent peace deal is diminishing. Market sentiment could shift based on statements from President Trump or the Iranian Foreign Minister, or mediation by Oman/Qatar.