Markets close for the weekend as U.S.-Iran talks fail and regional risks widen

U.S. markets were closed, leaving QQQ and SPY at their prior regular-session closes. The record moved from a White House denial of asset unfreezing and the start of indirect talks to a final report of no agreement after 21 hours. Trump also said all 28 Iranian mine-laying boats had sunk and clearance of Hormuz was beginning, then warned China over a reported plan to supply Iran with anti-air missiles.