Iran’s Foreign Minister: No Plans to Meet US Officials

The signal here is the gap between Tehran's public rejection of talks and its private, high-level deliberation over a US vice-presidential letter — a pattern that suggests diplomatic channels are warmer than the headline posture implies. For markets, the relevant read-through is to regional risk premia rather than to any concrete negotiating track. The open question is whether the letter's stated intent and Iran's internal debate converge into something more formal, or whether the division-warning hardens into a fresh source of friction.