US and Iran Agree Two‑Week Truce; Markets React
US and Iran Agree Two‑Week Truce; Markets React
The United States and Iran agreed a two‑week truce reopening the Strait of Hormuz and prompting moves in energy and crypto markets.
Terms and immediate steps
Donald Trump agreed to pause bombings and attacks on Iran for two weeks just hours before his own deadline.
«destroy an entire civilization»
The arrangement was mediated by Pakistan, with Washington demanding the Strait of Hormuz be fully and immediately reopened.
Tehran pledged coordinated
«safe passage»for vessels during the two‑week period, to be enforced by its armed forces.
Iran also submitted a ten‑point plan that includes lifting all sanctions, unfreezing assets abroad, withdrawal of American forces from regional bases, reparations and rights to enrich uranium.
Final agreement negotiations are scheduled to begin in Islamabad on 10.04.2026.
Market reaction
Cryptocurrency and energy markets responded within hours: Bitcoin rose to $72,700, gaining roughly 5% in a day.
Brent and WTI prices fell sharply; WTI dropped more than 10% to about $95 per barrel.
The total crypto market capitalization climbed from approximately $2.3 trillion to about $2.43 trillion in a matter of hours.
Short sellers were hit especially hard: exchanges recorded liquidations totaling $595 million over 24 hours, including $427 million in short positions.
Market participants described the move as the most aggressive short squeeze observed since the start of March.
Risks and outlook
Despite the rally, the situation remained fragile: the following morning, Israel and the UAE issued rocket alerts and tensions persisted on multiple fronts.
Prime Minister Netanyahu noted the truce would not extend to Lebanon, underscoring the potential for localized flare‑ups to reignite broader conflict.
If talks in Islamabad fail, market reversals could be as abrupt as the initial reactions, reflecting the still‑uncertain security and diplomatic environment.
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