US Vice President JD Vance opened US-Iran talks in Bürgenstock, Switzerland on Sunday, despite President Donald Trump’s threat of new attacks if Tehran fails to control Hezbollah.
The talks use the 14th memorandum that Trump and Iranian President Masoud Pezeshkian signed on June 17. It established a 60-day ceasefire to end the conflict that began on February 28 and reopen the Strait of Hormuz.
US-Iran Talks Open Under Pressure
Vance leads the US side, while Iranian leader Mohammad Bagher Ghalibaf leads the Tehran team. Pakistan and Qatar are mediating in four ways.
The news was almost over. Iran suspended them on Friday because of Israel’s strikes on Lebanon, then agreed to meet on Sunday. Vance expects to talk for several days.
Washington wants to move quickly on Iran’s nuclear program. Tehran wants the war in Lebanon to stop. It also calls for sanctions relief, asset freezes, and an end to the US military blockade.
The contract is ending. Israeli airstrikes have killed dozens of people in Lebanon over the weekend, and five Israeli soldiers have died since the deal. Confusion is also present divide crypto traders if a ceasefire exists.
Bitcoin (BTC) could be shaken again if the war reigns, risk analysts already have crypto war game. Trump, meanwhile, took to Truth Social, warning Tehran about its Lebanese proxies.
“Iran must immediately stop their highly paid PROXIES in Lebanon so they don’t cause problems. If they don’t, we will hit Iran again, like we did last week, very hard!!! Donald Trump, US President, via post.
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Why Crypto markets are looking at Hormuz
The Strait of Hormuz is why markets care. About 20 million barrels of oil go through each day. This is close to a fifth of the world’s goods and more than a quarter of seaborne trade.
A soldier in the Iranian Revolutionary Guard announced that the waterway was closed on Saturdayabout the attack on Israel. However, US Central Command reported that 55 tanks still went through that day, carrying more than 17 million barrels.
After signing, oil fell sharplyand equities places records. Brent crude fell to around $78 a barrel, and US natural gas hit $3.99 a gallon, the lowest since March. GasBuddy analyst Patrick De Haan expects $3 less oil by early 2027 if the deal doesn’t happen.
For crypto, the token goes through oil. Cheap energy cools inflation and revives price bets, a script Bitcoin has followed throughout the year.
However Bitcoin has not done anything per contract, he earns about $64,000. Last June, the same Iran embargo sent more than $105,000.
The next few days of talks will mark the end of the war in Lebanon. For crypto, the big talk would be oil, not a nuclear file.
A note Trump Issues New Iran Threat as US-Iran Talks Enter a Critical Phase appeared for the first time BeInCrypto.
