Iran has acknowledged that the latest US proposal has partially bridged the divide between the two sides, as fragile ceasefire talks inch toward something resembling a real peace deal. The negotiations, facilitated through Pakistan, represent the most substantive diplomatic engagement between Washington and Tehran in years.

Bitcoin’s geopolitical trade

Bitcoin climbed to between $82,000 and $83,000 in early May 2026, fueled in large part by investor optimism around a potential US-Iran memorandum of understanding. The prospect of a reopened Strait of Hormuz, through which roughly a fifth of the world’s oil supply flows, sent a clear signal to risk assets: the geopolitical premium might be shrinking.

When talks…