Iran Says It Is Reviewing US Response to Proposal to End Hostilities

The substance here is procedural rather than decisive: confirmation that a reply has changed hands, with the contents and any decision timeline left undisclosed. That matters because it keeps the diplomatic channel open without signalling which way it will break, leaving the broader risk backdrop for energy and regional markets unresolved. The audience affected is anyone holding exposure tied to Middle East escalation risk, who now faces an information vacuum rather than a resolution. Whether Tehran's review produces a concrete answer, or stalls without one, is the open question to watch.