Large media sites suggested yesterday that Oman has initiated talks with Iran to reopen the key Strait, and some sources claimed that major progress has been made over the past day. It appears Trump wants to see how it resolves before deciding whether or not the US will continue with its attacks.
BREAKING: President Trump ordered the US Military to not carry out planned strikes on Iran Friday night, despite previously approving the strikes, per Axios.
This came just hours after talks mediated by Oman over reopening the Strait of Hormuz reportedly resumed.
— The Kobeissi Letter (@KobeissiLetter) July 25, 2026
The primary cryptocurrency is prone to reacting to any sort of news on the war front. Renewed attacks typically lead to price corrections, while the reemergence of hope for a deal, ceasefire, or even more permanent peace, have resulted in major rallies.
The tricky part is the timing. Aside from the initial shock when the war started in late February, the asset has remained relatively stable when the new developments took place over the weekend. Instead, its actual fluctuations in either direction transpire on Monday morning when most traditional financial markets start to open.
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Consequently, even though it has defended the $64,000 support now, which many analysts believe is key for its next big move, the bigger reaction is likely to take place in 36 hours.
cryptopotato.com
