The US, through the primary intermediary Field Marshal Syed Asim Munir (Pakistan’s Chief of Army Staff), has sent Iran a 15-point plan aimed at bringing an end to the prevailing war.
In the plan, the US proposes the lifting of all active sanctions on Iran, with a guarantee that the sanctions will not be re-imposed.
The West has also floated the suggestion that Iran freeze its nuclear program and restrict its use for defensive purposes alone. Iran should also decommission its most critical nuclear facilities, namely: Natanz, Isfahan, and Fordow.
Additionally, Iran may retain a certain amount of its enriched uranium under supervision, with plans to hand it over to the International Atomic Energy Agency (IAEA) at a specified time. Thereafter, the nation is to halt all further development of enriched uranium.
Other points include:
- Iran to receive US aid in developing electricity-generating nuclear plants.
- Gradual implementation of the above plans with international monitoring.
- A future address on Iran’s missile programme, including limitations on its capabilities.
Bitcoin tops $70K, oil drops below $100/barrel, gold gains 2%
Following the news, the price of WTI crude oil dropped by 5.31% to $87.45/barrel, while Brent crude shed 6.08% to trade at $98.03.
Source: Oil Price
Meanwhile, gold prices rose by 2.53% in 24h to trade at $4,586.14.
Source: Trading View
Bitcoin (BTC), on the other hand, reclaimed the $70K mark to trade at $70,563.40 (+0.2% in 24h) at writing time.
Source: CoinMarketCap
Iran denies negotiating with the US
Markets have witnessed intense volatility in the past 48 hours since Trump had threatened to blow up Iranian power plants, then changed his mind on the grounds of peace talks with Iran.
Iran has now sent a letter to the International Maritime Organization, stating that “non-hostile” vessels could go through the Strait of Hormuz.
Nonetheless, the country continues to deny any negotiations with the US as it continues missile retaliation against it and its proxies. This brings back uncertainty to the market, meaning Bitcoin, the rest of the cryptocurrencies, and traditional markets could experience volatility for a while longer.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
