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Vice President JD Vance and White House officials departed Islamabad, Pakistan after failing to reach a peace agreement with Iran on Sunday.
Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.
The US and Iran ended direct talks in Pakistan without an agreement, putting a fragile ceasefire at risk and raising doubts over efforts to end a six-week war that has killed thousands and disrupted global energy supplies.
Opinion
1monon MSNOpinion
Every ceasefire is haunted by the same question: will it live up to the promise of peace? The United States and Iran could apparently only focus on their disagreements during peace talks in Islamabad,
The Trump administration's framework proposed a pause in fighting while officials hammer out a permanent peace plan.
Vice President JD Vance says Iran chose not to accept US terms while Iran says it did not expect deal in first meeting
Follow The Hindu's live blog for the latest updates on the Iran war on May 12, 2026, as Washington awaits Tehran’s response to a U.S. peace proposal
Trump called Iranian attacks on 3 US destroyers a 'trifle' but said the ceasefire holds while peace talks continue.