Iran peace talks lift Bitcoin as oil slides

Iranian diplomats arrived in Doha for high-level talks with U.S. officials on Monday as negotiations over the Strait of Hormuz and Tehran’s nuclear programme pushed oil prices lower and lifted risk assets including bitcoin.

Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf led the delegation, while Qatar’s Prime Minister Mohammed bin Abdulrahman Al Thani hosted the discussions alongside mediation support from Pakistan.

“Negotiations with the Islamic Republic of Iran are proceeding nicely! It will only be a Great Deal for all or, no Deal at all,”

Said Donald Trump in a Truth Social post on Monday.

Brent crude dropped roughly 4% to 6% to trade near $95 to $97 per barrel as traders increased bets that shipping flows through the Strait of Hormuz could resume under a broader ceasefire framework.

Bitcoin traded at $77,699 at 1:15 p.m. ET, up 1.47% over 24 hours, while Ethereum rose 1.70% to $2,136.83 and Solana gained 0.81% to $86.22 as crypto markets tracked gains across global equities.

The talks also include discussions around a potential release of about $12 billion in frozen Iranian assets held in Qatari banks, sanctions relief and a possible 60-day ceasefire extension following clashes that began after U.S. and Israeli strikes on Iran in February.

Officials close to the negotiations described the process as “narrowing differences,” although disputes over Iran’s highly enriched uranium stockpile and objections from hardline Iranian factions and Israel continue to threaten any final agreement.

At the time of reporting, Bitcoin price was $77,120.07.