US President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week. Trump claimed in a post on his Truth Social platform that the US and Iran had had “VERY GOOD AND PRODUCTIVE” conversations over the past two days about a “COMPLETE AND TOTAL RESOLUTION OF HOSTILITIES IN THE MIDDLE EAST”. The White House did not respond to questions about the content of the talks, who participated or where they were held. For its part, Iran has denied holding any talks with the US. But, later, when Trump spoke to the media in Florida, he asserted that if talks failed, “we’ll just keep bombing our little hearts out”. He claimed that the Iranian side had initiated contact with the US. “They called, I didn’t call,” he said. “They want to make a deal, and we are very willing to make a deal.” He also claimed that there were already “major points of agreement” with...
Bitcoin moved back above $71,000 after US President Donald Trump postponed Iran strike for five days, sending oil price crashing below $100. Bitcoin (BTC) broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed. Key takeaways: Bitcoin bounces 5% to $71,000 after President Trump said US attacks on Iran's infrastructure would be postponed. Read more
Bitcoin and Asian markets dropped on Monday as Iran escalated threats to strike critical infrastructure in the Gulf. Crypto and the wider markets tumbled on Monday as the US and Iran escalated threats toward one another for the fourth week, sending oil prices seesawing. US President Donald Trump posted to Truth Social on Sunday that the US would “hit and obliterate” Iranian power plants, “starting with the biggest one first,” if the country didn’t open the Strait of Hormuz within 48 hours. Iran responded by saying it will answer any US strikes on its power or water infrastructure with attacks on US and Israeli assets in the Gulf and threatened to completely close the Strait, one of the world’s vital oil shipping lanes. Read more