Traffic signal control (TSC) is a core challenge in urban mobility, where real-time decisions must balance efficiency and safety. Existing methods—ranging from rule-based heuristics to reinforcement learning (RL)—often struggle to generalize to complex, dynamic, and safety-critical scenarios. We introduce \textbf{VLMLight}, a novel TSC framework that integrates vision-language meta-control with dual-branch reasoning. At the core of VLMLight is the first image-based traffic simulator that enables multi-view visual perception at intersections, allowing policies to reason over rich cues such as vehicle type, motion, and spatial density. A large language model (LLM) serves as a safety-prioritized meta-controller, selecting between a fast RL policy for routine traffic and a structured reasoning branch for critical cases. In the latter, multiple LLM agents collaborate to assess traffic phases, prioritize emergency vehicles, and verify rule compliance. Experiments show that VLMLight reduces waiting times for emergency vehicles by up to 65% over RL-only systems, while preserving real-time performance in standard conditions with less than 1% degradation. VLMLight offers a scalable, interpretable, and safety-aware solution for next-generation traffic signal control.