Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin. Hours after US President Donald Trump claimed that Iran and the United States had agreed to a two-week ceasefire that included opening the Strait of Hormuz, Iranian authorities are reportedly considering charging ships using the waterway in cryptocurrency. According to a Wednesday Financial Times report, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union said empty oil tankers will be able to pass through the Strait of Hormuz without incurring charges, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin (BTC). The spokesperson, Hamid Hosseini, reportedly said Iranian authorities would also assess each ship using the waterway over the two-week period to ensure it wasn’t transporting weapons. Read more
Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement. Bitcoin (BTC) hit new three-week highs into Wednesday’s Wall Street open as stocks surged on a US-Iran ceasefire. Key points: Bitcoin briefly hits new three-week highs before round-tripping its gains. Read more
ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks. Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets. Key takeaways: A 2021-style fractal warns ZEC price could fall 40% toward in the coming weeks. Read more
Pakistan on Wednesday announced that the Islamic Republic of Iran and the United States of America, along with their allies, had agreed to an immediate ceasefire, including in Lebanon, effective immediately, and invited their delegations to Islamabad on April 10 for talks aimed at reaching a lasting settlement of disputes. Prime Minister Shehbaz Sharif announced the ceasefire in an early-morning post on X, welcoming the move and extending his “deepest gratitude” to the leadership of both countries. Both sides have displayed “remarkable wisdom and understanding” and remained constructively engaged in furthering the cause of peace and stability, the prime minister said, expressing hope that the ‘Islamabad Talks’ would succeed in achieving sustainable peace and that more positive developments would follow in the coming days. The prime minister, who helped mediate the ceasefire, also invited delegations from both countries to Islamabad on April 10 to “hold further negotiations towards a conclusive agreement to se...
Backchannel diplomatic efforts by Pakistan appear to have finally paid off, as the United States and Iran agreed to a two-week ceasefire after weeks of escalating hostilities triggered by US-Israeli strikes on February 28 that quickly spiralled into a wider regional conflict. During this time, the crisis has unfolded through a mix of military escalations, retaliatory attacks, and behind-the-scenes negotiations, with failed ceasefire proposals and last-minute mediation all shaping the path to this vital breakthrough. Here is a timeline of the key events and statements that defined the conflict: February 28 The US and Israel launched an attack on Iran via air and sea: a series of blasts in Tehran, including near the residence of the supreme leader. A US-Israel airstrike on an elementary school in southern Iran killed more than 170 people, most of them schoolgirls. In retaliation, Iran attacked at least seven Gulf states, striking civilian infrastructure, damaging airports in the UAE and Kuwait, deploying a dron...