Woofun AI reports that diplomatic tensions escalated during the first round of US-Iran talks in Switzerland, resulting in a direct deadlock after the Iranian delegation refused a planned photo session and walked out in protest. Although mediators from Pakistan and Qatar continue discussions, the breakdown in US-Iran relations has triggered immediate volatility across global markets.

Concurrently, traditional finance assets faced downward pressure as US and South Korean stocks retreated, with SK Hynix dropping over 5% and Nasdaq 100 index futures declining by 1.1%. Energy markets reacted sharply to the geopolitical friction, pushing Brent crude and WTI crude oil futures up more than 2%.

Meanwhile, Bitcoin price action reflected the broader risk-off sentiment, falling nearly 0.73% in the past hour to trade at $63,338.40.