US and Iran hold direct talks in Switzerland as Tehran announces Strait of Hormuz closure. Here's what it means for oil markets and crypto investors.

Iran to Send Delegation to Switzerland to Follow Up on U.S.-Iran Agreement, State Media Reports. Vance Says U.S. Officials on Ground for Iran Talks; No Evidence Tehran Is Closing…

US and Iranian officials are still expected to meet in Switzerland on Sunday, but Saturday's events point towards a likely major shift in the agenda for the first round of talks.