US-Iran talks are now at a 'standstill' and both sides are showing 'little willingness to soften their terms'.

US-Iran nuclear talks have stalled as both parties maintain rigid positions on key demands, including sanctions relief and nuclear program limitations. The impasse reinforces existing sanctions on Iranian oil exports and limits near-term supply additions to global markets, supporting upward pressure on crude prices through supply constraint concerns. Energy markets, particularly Brent crude and related futures, remain sensitive to any shifts in Iranian output potential, while regional geopolitical risk premiums persist. The lack of diplomatic progress also dampens risk appetite for emerging market assets linked to commodity exporters. Traders will watch for any signals from EU mediators or OPEC+ meetings that could indicate a shift in production policy or renewed negotiation momentum.

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