Vance Sent Letter to Iran Security Chief to Restart Talks, WSJ Reports

The channel matters more than the content: a vice-presidential letter to Iran's security chief, sent on presidential direction, signals an effort to keep a diplomatic track alive while military options remain on the table. Because the exchange covered only a negotiating framework, not a peace plan, it reads as a procedural step to buy time rather than a breakthrough. For markets, the open question is whether this contact produces a durable framework or merely delays a decision, since that distinction drives how risk is priced around the region.