President Trump announced that the US, Iran, and a group of Middle Eastern countries have largely negotiated a peace agreement, a development that immediately rippled through crypto markets. Bitcoin jumped above $71,000 on the news.
Trump described the two nations as being “very far along” on what he called a “definitive” peace arrangement. A two-week ceasefire has been announced to keep talks moving forward, with US military operations against Iran paused during that window.
What’s actually on the table
Iran submitted concrete proposals through Pakistan that touch on several major flashpoints.
The reopening of the Strait of Hormuz sits at the top of the list. For context, roughly 20% of the world’s oil passes through that narrow waterway.
