BTC experienced rapid fluctuations, while Iranian sources denied reports that Ghalibaf had resigned from the negotiation team. Although the price climbed back to $78,000, volatility is expected to persist until the uncertainties surrounding Iran are resolved.
Current situation in Iran
According to Al Jazeera, a US defense official stated that there has been no change in the ceasefire status with Iran. Claims that air defense systems were reactivated in Iran within the past hour proved unfounded. At 22:00, Trump is scheduled to speak at an event focused on healthcare, and he may issue statements on Iran.
Iran’s Foreign Minister Araghchi commented on the ongoing tensions and diplomatic initiatives.
“Battlefield and diplomacy are fully coordinated fronts in the same war. The Iranian people are more united than ever.”
The Iranian president, Ghalibaf, and the judiciary chief issued a joint message responding to Trump’s claims that the regime in Iran has changed and the current leadership is more moderate.
“There are neither radicals nor moderates in Iran; we are all ‘Iranians’ and ‘revolutionaries.’”
Meanwhile, at the time of reporting, Trump sharply criticized opposition media and asserted that he holds a strong position regarding Iran.
“To those who read the collapsing New York Times or watch the fake news network CNN and think I am ‘impatient’ to end the war with Iran (if it can even be called a war): I am probably the least pressured person ever to be in this position.
I have plenty of time but Iran does not — the clock is ticking! The reason these media outlets are losing subscribers and viewers so badly is they have lost their credibility. The Iranian Navy lies on the sea floor, the Air Force is destroyed, their anti-aircraft and radar weapons are gone, their leaders are no longer with us, the blockade is tight and strong, and things will only get worse from here — time does not favor them! An agreement will only be made if it is right for the United States, our allies, and the rest of the world. President DONALD J. TRUMP”
What comes next?
The contradictory approach from Trump, who continues to make provocative statements that risk derailing peace talks without apparent concern for Iranian domestic politics, is raising questions. If Trump’s goal is to prolong the conflict by pushing Iran, it remains unclear why he agreed to extend the ceasefire. However, without a shift in his rhetoric, it appears unlikely that Iran’s political establishment will be open to signing any agreement soon.
With the death of Supreme Leader Khamenei, the loss of senior officials, and Khamenei’s son still undergoing treatment, Trump’s softer language could signal a genuine interest in reaching a deal. Any noticeable change in Trump’s approach could serve as an indicator that a breakthrough agreement may be on the horizon.
Oil remains above $105 per barrel, and most observers believe Trump is certain to lose the upcoming midterm elections. If oil prices stay at these levels, Trump will have little incentive to hurry on policy decisions, as the earliest probable interest rate cut is not expected until late 2027.
