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✅Diplomatic Shift

  • President Trump abruptly canceled the planned visit to Islamabad by his special envoy Steve Witkoff and Jared Kushner, which was intended for nuclear negotiations with Iran. The stated reasons were the excessive flight duration (18 hours) and "internal turbulence" within the Iranian leadership.

✅Market Reaction

  • Bitcoin briefly dropped below the $78,000 mark following the announcement, as geopolitical uncertainty replaced weeks of hopeful expectations for a ceasefire. Prediction markets recorded a sharp plunge in the probability of U.S.-Iran diplomatic dialogue, falling from 66.5% to 1.8% within 24 hours.

✅Strategic Stance

  • Trump reiterated that the United States "holds all the cards" and that Iran only needs to call if it wishes to talk. Meanwhile, the blockade of the Strait of Hormuz remains in effect, impacting 37 vessels since its implementation.