Iran Finalizing Response to US, Will Relay via Mediator, Deputy FM Says

The signal here is procedural rather than substantive: Iran is routing its reply through intermediaries, which keeps a channel open even while the substance stays undisclosed. For markets, the absence of a timeline or terms means the headline risk is deferred, not resolved — mediation itself is the only concrete development. Whether the response, once delivered, narrows or widens the space for talks is the open question.