Trump Signals Breakthrough in US-Iran Talks, Hails ‘Very Good’ Progress As Markets React
Highlights
- Trump says progress is good on US-Iran war negotiations
- Markets are already cashing on the news as Oil drops below $70
- Odds on Polymarket for ceasefire extension go above 60%
President Donald Trump said on Wednesday that relations with Iran have been good and that US-Iran talks in Qatar have been positive. “Iran’s denuclearization is well on its way,” Trump said. “They’ve had excellent meetings, and we’ll see,” he added.
US representative Jared Kushner and envoy Steve Witkoff were in Qatar to continue the talks. Qatar and Pakistan are both acting as mediators in the talks.
The development comes after Trump’s Truth Social post two days ago that the US will be meeting with Iran immediately in Doha as requested by Iran.
A few days ago, as reported by CoinGape, Iran and Oman had already formed a joint committee to discuss the Strait of Hormuz and other ceasefire issues.
Markets Moved Fast on the US-Iran News
The news spread quickly, moving the financial markets. Gold has added more than $74 billion in a single day. WTI crude oil edged down more than 2% for the first time since the US-Iran tensions spiked, closing below $70.
Crypto also saw a green move with the altcoins leading the charts. Last week, some of the top analysts like Rekt Captal said the crypto market needs to stay cautious amid ongoing negotiations as covered by CoinGape.
Polymarket Is Showing a 62% Chance of Ceasefire Extension
Polymarket currently estimates a 62% chance of extending the US-Iran 60-day negotiation period.
Both the Doha talks and Trump’s public statements suggest continuous progress, but the transition from early-stage diplomacy to a real deal can be challenging.
Trump’s response of “we’ll see” is showing the effects on the markets. If a concrete outcome emerges out of the Qatar talks, that repricing will continue.
If the negotiations fail again or if the 60-day deadline expires without an extension, the move’s effects can reverse. Polymarket’s 62% is not guaranteed, and those who followed the initial move are now awaiting the outcome of the same news and market.
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