Summary
- Iran delivered a revised proposal to the US aimed at ending the war, and Washington has already received it, the report said.
- The prospect of negotiations between the US and Iran has come back into focus, with markets watching for signs of further progress.
- Any progress in the talks could affect international oil prices and volatility in global risk assets as well as Bitcoin and altcoin markets.
Iran has delivered a revised proposal to the US aimed at ending the war, according to a report, raising the prospect of renewed negotiations after tensions between Washington and Tehran escalated in recent weeks.
ODaily, a crypto-focused media outlet, reported on May 18 that a Pakistani source said Pakistan's government had passed Iran's revised proposal to the US and that the American side had already received it.
The proposal is intended to end the war, the report said. Specific terms were not disclosed.
Markets are focused on whether any progress in US-Iran negotiations could affect international oil prices and volatility across global risk assets. Heightened tensions in the Middle East have recently fueled swings in crude prices, with short-term effects also spilling over into Bitcoin and altcoin markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
