Breaking: Iran Confirms Positive Progress in Oman Talks on Strait of Hormuz Control, Bitcoin Rises
Highlights
- Iran’s spokesperson Baghaei says Oman talks on Strait of Hormuz management has been "positive."
- The traffic in Strait of Hormuz remains low despite US and Iran paused strikes.
- US stock futures rebound and Bitcoin jumped above $65K as oil prices tank 8%.
An Iranian spokesperson has confirmed Iran-Oman talks over management of the Strait of Hormuz have been positive. Oil prices tumbled 8% on Monday after the US and Iran paused strikes for the first time in nearly two weeks that escalated the war. The decline in oil prices caused Bitcoin and US stock futures to surge.
President Donald Trump is reportedly open to renewed peace talks. Iranian spokesperson dismissed reports of ceasefire negotiations, stating Iran currently has no talks with the United States.
Iran-Oman Talks Progress on Strait of Hormuz Management
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said talks with Oman on managing safe shipping traffic through the Strait of Hormuz were “fruitful” and achieved some progress.
Several rounds of negotiations between Iran and Oman on the management of the Strait of Hormuz were held Friday and Saturday. However, he added that no change has yet occurred in traffic through the Strait of Hormuz.
In addition, Iran claimed it will not allow the US to dictate the timing or duration of the war. It warned that it will respond whenever required to protect its interests. It also said ongoing talks with Oman are bilateral and unrelated to Trump’s interest in peace talks.
IRAN: U.S. WON’T SET THE TERMS
Iran said it will not allow the U.S. to dictate the timing or duration of the conflict, insisting it will respond whenever its interests require.
Tehran also said the Strait of Hormuz remains closed and stressed that its ongoing talks with Oman…
— *Walter Bloomberg (@DeItaone) July 27, 2026
Meanwhile, oil prices dropped sharply as both the US and Iran paused strikes amid the latest diplomatic efforts. Crude oil prices plunged more than 8% and Brent price fell 11% on July 27, triggering a rebound in US stock futures.
Bitcoin Advances After Clinching $65K
Bitcoin jumped more than 1.7%, currently moving near $65,300 levels amid Iran-Oman talks. It hit a high of $65,658 amid the recent pause in strikes. Trading volume has also bounced back nearly 60% over the past 24 hours.
The derivatives market also showed massive buying in the last few hours, as per Coinglass data. The total BTC futures open interest jumped 0.23% to $48.45 billion in the last hour. The 4-hour BTC futures OI on CME was down 0.12% and climbed 0.22% on Binance. This signals cautious sentiment among traders ahead of Wednesday’s Fed rate decision.
Crypto analyst Ted Pillows pointed out that Bitcoin has reclaimed the $65,000 level. However, the price action will depend on the Clarity Act. He predicts BTC could rise to $68K amid any positive progress.
Navigating these volatile macro environments requires a dedicated suite of the best crypto research tools to analyze blockchain transaction volume and market sentiment.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Will Bitcoin reach $250,000 by December 31, 2026?
