US-Iran accord hits early snag as Switzerland talks fail to proceed as planned

The White House said US-Iran interim accord talks scheduled for Geneva had been postponed at short notice. Vice President JD Vance said he remained ready to lead the delegation, but Swiss-side preparations were not completed as planned. The Trump administration said it would keep the timetable for fleshing out the framework agreement that ended the war.

Markets reacted quickly. Brent crude swung higher then lower, the dollar index closed choppy, and Asian equities slipped on tech-led selling. Investing.com reported investors were pricing in uncertainty over how the truce would be implemented in policy terms. In supply chains, shipping through the Strait of Hormuz continues to normalize.

Sources in Washington said the meetings would be rescheduled in the coming days. Analysts speaking to CNBC said a durable Middle East resolution would take months, with Iran sanctions handled in phases. The European Union reiterated it would not lift key Iran sanctions until a formal nuclear deal is reached.