Vance Says "No Deal" After 21 Hours of US-Iran Talks in Islamabad

Twenty-one hours of face-to-face negotiations in Islamabad ended without an agreement. VP Vance said the US made its "best and final offer" but couldn’t get a firm nuclear commitment from Tehran, per Axios.

Iranian media said the talks failed because of "excessive demands" from the US side. Both sides say they’ll continue Sunday.

The ceasefire clock is still ticking.

Why it satisfies: This was the longest direct US-Iran meeting in decades. The fact that it ended without a deal – despite 21 hours at the table – signals how far apart the two sides remain on the nuclear file. Vance calling it a "best and final offer" raises the stakes: if Tehran doesn’t budge, the diplomatic window could close fast. Markets will watch Sunday’s continuation closely, especially oil and defense names.