Iran Says It Will Not Concede to US on Established Conditions

The relevance for crypto and RWA markets runs through the Strait of Hormuz, not the diplomacy itself: Araghchi has explicitly tied the waterway's status to whether Iran's conditions are met, making the strait a live variable in any energy-driven risk assessment. Because Tehran says it is still waiting on the mediators' final position, the decision point has not arrived, and the US reaction so far is characterized as only initial. Whether the mediators deliver a concrete position — and whether Hormuz is then framed as open or conditional — is the open question worth tracking.