US President Donald Trump says the US and Iran have a deal for a “toll-free opening of the Strait of Hormuz,” sending Bitcoin to a two-week high. Bitcoin came just shy of $66,000 during Monday morning trading after US President Trump claimed that the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz. “The deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump posted on his Truth Social platform late on Sunday. “I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump said. “Ships of the World, start your engines. Let the oil flow!” Read more
Bitcoin stayed near local highs on a new US-Iran peace deal pledge as analysis saw conditions favoring a sustained BTC price rebound. Bitcoin (BTC) circled $64,000 into Sunday’s weekly close as a US-Iran peace deal appeared imminent. Key points: Read more
Crypto analyst Michaël van de Poppe said a peace deal, which would reopen the Strait of Hormuz, would likely send liquidity back to risk-on assets such as cryptocurrencies. US President Donald Trump said a deal to end the fighting between the US and Iran is scheduled to be signed on Sunday, despite officials in Tehran previously casting doubt on the timeline. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” said Trump on Truth Social on Saturday. Read more
WASHINGTON: The US and global media on Thursday reacted with a mix of alarm, scepticism, and market-watch caution after President Donald Trump escalated tensions by threatening to seize Kharg Island, Iran’s critical offshore oil export hub. Across Washington, the dominant theme in reporting is the gap between rhetoric and military feasibility. Jonathan Swan, a White House correspondent for The New York Times, framed the administration’s posture as one defined by repeated escalation and limited strategic clarity. “Trump has repeatedly said he would attack Kharg during the war, as he has ramped up his threats to try to compel Iran to agree to his demands to shutter its nuclear programme. Iran has consistently called his bluff,“ he wrote. Swan’s assessment also highlights internal constraints shaping the discussion in Washington. “Trump has few easy options,” he wrote, pointing to depleted long-range weapons stockpiles and the operational complexity of any attempt to physically seize the island. “The US is dange...