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Nairametrics
Home Business News

U.S., Iran fail to reach agreement after 21-hour talks in Pakistan

Emmanuel Azubuike by Emmanuel Azubuike
April 12, 2026
in Business News
U.S., Iran fail to reach agreement after 21-hour talks in Pakistan
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The United States and Iran have failed to reach an agreement to end the ongoing conflict in the Middle East following 21 hours of negotiations.

The talks, which ended in the early hours of Sunday, April 12, in Islamabad, Pakistan, were disclosed by U.S. Vice President JD Vance, who confirmed that both sides were unable to resolve key issues despite extended discussions.

The U.S. and Iran had earlier entered a two-week ceasefire agreement on April 8 in a bid to end the conflict between Iran and a combined force of Israel and the United States, which began on February 28 and has since disrupted global energy supply.

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What they are saying 

Negotiations began earlier in the weekend in Islamabad and were initially hailed as a major diplomatic step, bringing together senior U.S. officials, including Jared Kushner and Steve Witkoff, alongside an Iranian delegation led by Parliament Speaker Mohammad-Bagher Ghalibaf.

  • Speaking after the talks, Vance said, “We go back to the United States having not come to an agreement.” 
  • “We’ve made very clear what our red lines are, what things we’re willing to accommodate them on, and what things we’re not willing to accommodate them on. And we’ve made that as clear as we possibly could, and they have chosen not to accept our terms,” He added.

Backstory

After 39 days of war, the U.S. and Iran agreed to a two-week ceasefire brokered with the help of Pakistan, with support from China.

The deal was widely considered fragile, especially amid claims by Pakistani officials that Lebanon, where heavy Israeli bombardments have continued, was included in the agreement, a position Israel denied.

The ceasefire came just hours before a deadline set by U.S. President Donald Trump, who had earlier warned of severe consequences if Iran failed to return to negotiations.

  • Eventually, the Trump administration accepted a 10-point peace plan aimed at ending the conflict, with Trump stating at the time, “We will suspend attacks provided Iran agrees to the COMPLETE, IMMEDIATE, and SAFE OPENING of the strait.” 

More insights 

Providing further details, Vance noted that the negotiations spanned 21 hours and included “a number of substantial discussions” with Iran.

  • “We’ve been at the negotiation for 21 hours and we have had a number of substantial discussion with Iran, that is the good news. The bad news is that we have not reached an agreement. And I think that is bad news for Iran much more than it is bad news for the United States of America,” he said.

When asked by a CNN reporter about specific sticking points, Vance declined to negotiate publicly, stating that the core issue remained Iran’s nuclear ambitions.

  • “But we need to see an affirmative commitment that they would not seek a nuclear weapon, and they would not seek tools that would enable them achieve a nuclear weapon. That’s the core goal of the President of the United States. And that’s what we’ve been trying to achieve through these negotiations.” 

He added that while Iran’s nuclear facilities had previously been targeted, the U.S. remains unconvinced about Tehran’s long-term commitment.

  • “But the question is if we can see Iran’s commitment not to develop a nuclear weapon, not just now, not just two years from now, but for the long term. We haven’t seen that yet.” 

What you should know 

With negotiations now stalled, uncertainty surrounds the remaining 10 days of the ceasefire and whether hostilities could resume afterwards.

The conflict has already caused significant global disruptions, particularly in energy markets. Following the ceasefire announcement, oil prices dropped sharply, with Brent crude and WTI falling by more than 15%, after earlier surging to as high as $120 per barrel.

This volatility has had a notable impact on Nigeria. Reports indicate that the Dangote Refinery maintained its pricing structure at N1,200 per litre at the gantry and N1,153 per litre at the coast, compared to a pre-war pump price of around N799 per litre—representing a 50.19% increase.

The fluctuations were partly driven by Iran’s agreement to reopen the Strait of Hormuz, a critical route responsible for about 20% of global energy supply.


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Emmanuel Azubuike

Emmanuel Azubuike

Emmanuel Azubuike is a human interest journalist based in Lagos, Nigeria. With over four years of experience in journalism, he focuses on telling deeply reported stories at the intersection of markets, government policy, and technological advancement — and how they shape everyday lives.

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