U.S.-Iran War Update: Iran Denies Plans for Peace Talks Despite Trump’s Claims
Highlights
- Iranian Foreign Ministry spokesperson said there are no plans to engage in talks with the U.S.
- This follows trump's claims that Iran had called and that they want to make a deal.
- Bitcoin has fallen below $65,000 amid this development.
The U.S.-Iran war continues to escalate with Iran rejecting plans for peace talks with the U.S. despite President Trump’s claims that Iran wants to make a deal. Bitcoin has pared some of its gains today amid this latest development, with the U.S. carrying out fresh strikes against Iran.
Iran Rejects Peace Talks To End U.S.-Iran War
Speaking to reporters today, Iran’s Foreign Ministry spokesperson said there are no plans for talks with the U.S. and that the country’s focus is solely on defending itself. This follows President Trump’s earlier statement during a FOX interview that Iran had called a while ago and that they want to make a deal.
It is worth noting that the U.S.-Iran war has escalated again over the past few days, with both sides carrying out airstrikes while Trump reinstated the Iranian blockade in the Strait of Hormuz. The president has also threatened to escalate strikes against Iran if they do not return to the negotiating table soon.
Bitcoin has turned negative on the day, falling below $65,000 after Iran denied plans for peace talks with the U.S. BTC is currently trading at around $64,800, down less than 1%, according to TradingView data.
As CoinGape reported, the crypto market had climbed earlier in the day following the release of the PPI inflation data, which came in lower than expectations. However, the rising tensions in the U.S.-Iran war threaten to spark another downtrend in the market.
U.S. Continues Strikes, Escalating Tensions
In an X post, the U.S. Central Command announced that it completed a morning round of strikes against Iran today. “CENTCOM launched precision munitions against coastal defense systems and cruise missile storage and launch sites on Greater Tunb Island during the 90-minute wave. The strikes further degraded Iran’s ability to attack commercial shipping in the Strait of Hormuz,” CENTCOM said.
As the U.S.-Iran war continues to escalate, crypto traders are betting against another round of peace talks holding anytime soon. Data from the top crypto prediction market platform Polymarket shows only a 20% chance that another round of peace talks will be held by the end of this month.
Meanwhile, Iran’s top negotiator, Mohammad Qalibaf, is expected to release a statement today on the war and recent events, shedding more light on Iran’s stance on the war, which began in February.
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