Iran’s Supreme National Security Council Secretary Rezaei: US Response to Ceasefire Terms ‘Insufficient’

The signal here is procedural rather than military: Tehran is treating its ceasefire terms as a standing benchmark, and a US reply judged insufficient keeps the two sides apart on sequencing rather than on the principle of stopping hostilities. That distinction matters for markets that have been pricing this conflict through an energy lens, since it implies the friction is negotiable in form but not yet in substance. The open question is whether the terms themselves move, or whether the response does.