Mediators propose new plan to bridge US-Iran ceasefire gaps

The gap between Tehran's public rejection and its continued engagement with mediators is the signal worth reading here: a proposal dismissed as unacceptable while consultations stay open suggests bargaining rather than breakdown. For markets, this keeps the US-Iran standoff in a holding pattern, with headline risk intact on any shift in tone from either side. Whether the mediators can convert the new proposal into a workable framework, and whether Washington signals flexibility of its own, is the open question.