US-Iran Reconciliation Process Exceeds Expectations, Bitcoin Back Above $77K, S&P, Nasdaq Hit New Highs

BlockBeats News, April 18th. Last night and this morning, there was better-than-expected progress in the US-Iran reconciliation process: Iran announced the "full opening" of the Strait of Hormuz for commercial shipping, Trump made a high-profile announcement of "reaching a final agreement within one or two days," while stating "Iran has agreed to indefinitely suspend its nuclear program and will not receive any unfrozen funds."

Boosted by this positive news, Bitcoin returned to $77,000, US stock indices hit record highs, and oil prices plummeted by over 11%. Expectations for interest rate cuts have increased as a result.

However, it is worth noting that Iran's Islamic Parliament Speaker Kalibaf sent a different signal early in the morning, stating that Trump's previous 7-point statement on social media is "all false." The US, relying on lies, has failed to win the war and will also be doomed to gain nothing in the negotiations. Kalibaf emphasized that if the US continues to block Iranian ports, the Strait of Hormuz will not remain open. Kalibaf also stated that Iran will never relinquish its control over the Strait of Hormuz. Trump's plan to destroy Iranian civilization has failed.

According to Bloomberg's report, the open status mentioned by Iranian Foreign Minister Araqchi is actually the existing arrangement where commercial vessels still need to "coordinate" with Iran before they can pass, creating a significant gap from the "completely free passage" interpreted by the market.

Therefore, although Trump ignited market risk sentiment over the weekend, the subsequent direction of US-Iran relations is still worth close attention. It is certain that the US-Iran "pas de deux" will continue to play out until the negotiation agreement is finalized.