"Trump convenes the Situation Room on Tuesday to weigh military options if Iran fails to reopen the Strait of Hormuz. The Strait of Hormuz sits at the center of the oil market's anxiety. Under normal conditions, the strait handles r"
Trump posted a warning to Iran on Truth Social after a phone call with Israeli Prime Minister Benjamin Netanyahu, saying Iran must move quickly or face severe consequences. The warning came as ceasefire talks remained stalled after a Pakistan-mediated ceasefire began April 8, 2026 and was extended beyond an initial two-week period. Negotiations stayed gridlocked over demands involving uranium removal, nuclear site limits, and reopening the Strait of Hormuz versus Iran’s requests for full sanctions relief, release of frozen assets, war reparations, and recognition of its role in Hormuz shipping. A drone strike at the Barakah nuclear plant in the UAE caused a fire without radiological damage, underscoring volatility. Trump planned to convene the Situation Room to consider military options if Iran does not reopen the strait. Oil futures rose above $102 and $106, while Bitcoin fell to an intraday low of $76,690 amid escalation concerns.
Read at news.bitcoin.com
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