With the two-week ceasefire between the US and Iran nearing its end, a second round of talks is expected to take place.
According to Axios, the US and Iran will likely hold talks in Islamabad on April 19.
Axios also reported that Iran said the deal was for the US to release $200 billion in frozen Iranian funds in exchange for handing over its stockpile of enriched uranium.
Discussions on this matter are reportedly ongoing.
In addition to these reports of talks, statements were also issued by Iran. According to these statements, Iran officially reopened the Strait of Hormuz to ALL commercial vessels for the remainder of the ceasefire period.
The Iranian Foreign Minister stated, “In line with the ceasefire in Lebanon, the passage of all commercial vessels through the Strait of Hormuz is declared fully open for the remainder of the ceasefire period, via the coordinated route already announced by the Ports and Maritime Organization of the Islamic Republic of Iran.”
US President Donald Trump thanked Iran for reopening the Strait of Hormuz.
Following the Iranian Foreign Minister’s announcement that commercial shipping traffic in the Strait of Hormuz would resume, WTI and Brent oil prices fell by more than 6% during the day, dropping to $86.51 and $88.53 per barrel respectively.
In response to this news, oil prices fell, while the price of Bitcoin (BTC) rose by 1.5% in the last 24 hours, climbing above $76,000.
*This is not investment advice.
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