With no agreement after nearly 21 hours of negotiations, fresh uncertainty has emerged over the future of the Iran conflict, raising concerns about the fragile ceasefire and global energy supplies.
US Vice President JD Vance said the marathon talks in Islamabad failed to produce a breakthrough, leaving key issues unresolved. The outcome has cast doubt over the two-week ceasefire that began earlier this week.
A key concern is whether the truce can hold without tangible progress at the negotiating table, especially as tensions remain high on both sides.
A major sticking point is Iran’s reluctance to commit to reopening the Strait of Hormuz, a vital route for global oil flows. Continued restrictions through the strait could tighten energy supplies and trigger further volatility in oil markets.
Donald Trump had earlier issued stark warnings, threatening severe consequences if Iran failed to strike a deal. However, there are indications Washington may be cautious about re-escalating the conflict, particularly as the war has become increasingly unpopular at home.
Vance suggested Iran could still return to accept what he called the US’ “final and best offer”, but did not outline any concrete plans for further negotiations.
Trump, meanwhile, appeared indifferent to the outcome, saying whether a deal is reached “makes no difference”, while maintaining that the US has already achieved its military goals.
With talks stalled and no clear path forward, the conflict remains in limbo, keeping geopolitical risks elevated and global energy markets on edge.
