Iran Confirms Meeting With US Envoy, Sets Conditions to Reopen Strait of Hormuz

The confirmation that talks occurred is itself the signal: Tehran is willing to be seen negotiating, but the conditions attached — lifting the naval blockade, unfreezing assets, ending the regional conflicts — are maximalist opening positions rather than a near-term deal. For energy and shipping markets, the Strait's status remains the binding constraint, and this exchange does not change it. Whether the two sides reconvene and whether the blockade or asset measures move first is the open question.