Iranian Foreign Minister Araghchi says the claim of US VP Vance meeting with Iran's Security Chief Rezaei is baseless media speculation and there are no plans for such a meeting, reports Irib News

• Iran has presented its seven conditions and are waiting for the US response, but their initial response was not enough for Iran.

Denials of back-channel or high-level contact are a standard feature of US-Iran negotiation episodes, and in past cycles a flat rejection from Tehran has not reliably meant the channel is dead: such contacts have historically been denied until outcomes made disclosure unavoidable, with state media like IRIB often used to manage the domestic audience rather than to signal the true state of play. The more informative element is the framing around seven conditions and an unsatisfactory initial US response, which is the classic public-phase pattern of these talks: both sides posture through media while the actual negotiation proceeds at lower levels, and breakdowns in past episodes have tended to be preceded by escalating public conditionality of exactly this kind. For crude, the established pattern in comparable episodes is that concrete negotiating progress compresses the geopolitical risk premium embedded in flat price and spreads, while visible deadlock restores it, with freight and insurance costs in the Gulf moving alongside. Worth watching are whether Omani or Qatari intermediaries surface, any shift in IRGC or Supreme National Security Council rhetoric, and sanctions-enforcement signals on Iranian barrels, which is where the transmission to physical supply actually runs.