Breaking News: US-Iran negotiations break down! Vice President Vance: Iran unwilling to abandon nuclear weapons; Bitcoin plunges 2%, falling below $72,000.

U.S. Vice President JD Vance held a press conference in Islamabad, the capital of Pakistan, at around 9 a.m. this morning (April 12), officially announcing that the U.S.-Iran negotiations, which lasted for more than 20 hours, failed to reach an agreement, and the differences between the two sides remain obvious. This marathon negotiation, which began on the afternoon of April 11 and continued until the following day, ended empty-handed after several rounds of "substantive discussions".

A permanent commitment to nuclear weapons becomes the key to breaking the deadlock.

At the press conference, Vance pointed out the core sticking point: the US not only demands that Iran not develop nuclear weapons at present, but also demands that Iran make a "long-term commitment not to acquire related capabilities and technologies permanently."

He stated that this was Trump's core demand in this round of negotiations, representing a clearly defined red line by the US. Iran "chose not to accept these terms," ​​and no substantial progress was made.

Holmz Strait checkpoint and market reaction

Besides the nuclear weapons issue, the right of passage through the Strait of Hormuz was another core point of contention throughout the negotiations. The US demanded immediate opening of the strait, while Iran insisted that a comprehensive agreement must be reached before discussions could begin. The two sides held diametrically opposed positions on this issue.

Bitcoin had initially reached a high of around $73,800, but after 9:30 a.m., news of a breakdown in negotiations caused market risk aversion to rise, and Bitcoin suddenly and rapidly dropped to a low of $71,313, currently trading at $71,857.

Market Outlook: Is there a chance that negotiations will be restarted?

At the press conference, Vance did not comment on whether there was a chance of restarting negotiations, only reiterating that the US position remained unchanged. Currently, the Trump administration is maintaining the previously established framework of diplomatic pressure, but the negotiations ended without result, indicating that there is very limited room for the two sides to bridge their differences in the short term.

The market will closely monitor Iran's response and any new developments in the Strait of Hormuz situation.