LATEST NEWS

SELECTED FOR YOU

WEEKLY
STAY ON TOP

Best crypto insights delivered straight to your inbox.

Trump agrees to sanctions and tariff relief for Iran after ceasefire

1 mins read ByJai HamidJai Hamid
  • Trump said the US is ready to discuss sanctions relief and tariff relief with Iran after the ceasefire framework took shape.
  • He also said many parts of the 15-point plan had already been agreed and that there would be no uranium enrichment.
  • Trump warned that any country supplying military weapons to Iran would face an immediate 50% US tariff with no exemptions.
  • US and Iranian delegations are expected in Islamabad on Friday, while Iran is also moving to formalize Strait of Hormuz tanker coordination with Oman.

Live Reporting

12:30 Trump says tariff and sanctions talks with Iran are on as Islamabad meeting comes into focus

Trump said on Truth Social that the United States would now work closely with Iran after what he called a “very productive” regime change.

He said there would be no uranium enrichment, and added that the US would work with Iran to dig up and remove deeply buried nuclear material he described as “nuclear dust” from the B-2 bomber strikes.

He also said the sites had been under tight satellite surveillance by Space Force and claimed nothing had been moved since the date of the attack.

Trump added that Washington was now discussing tariff relief and sanctions relief with Iran, and said many of the 15 points had already been agreed.

Later, Trump escalated pressure on Iran’s military suppliers. He said any country that supplies military weapons to Iran would face an immediate 50% US tariff on all goods sold into the United States, with no exclusions and no exemptions.

Tuesday’s pause gives both sides room to try to turn the temporary halt into something longer. Delegations from the US and Iran are expected to meet in Islamabad on Friday as they work toward a broader deal to end a six-week war that has killed thousands and helped trigger a global energy crisis.

At the same time, Iran is said to be finishing a joint maritime protocol with Oman that would formalize coordinated control of tanker traffic through the Strait of Hormuz.

That matters because it could turn Iran’s role in managing one of the world’s most important oil routes into a standing bilateral arrangement.

If the truce holds and the strait fully reopens, the wider economic hit may stay contained. In that case, central banks could return to the policy paths they were following before the war, while market focus may start shifting away from inflation and back toward growth if commodity prices cool fast.

00:27 Bitcoin jumps past $72,000 as Trump’s two-week Iran pause lifts stocks and slams oil

Bitcoin surged above $72,000 after sitting around $69,000 just an hour earlier, as traders rushed back into risk after President Donald Trump announced a ceasefire with Iran for two weeks just before his 8 p.m. ET deadline.

Naturally, West Texas Intermediate crude dropped about 13% to below $98 a barrel, while US futures tied to the Dow Jones Industrial Average rose by 967 points, or 2.1%. S&P 500 futures gained 2.1%, while Nasdaq 100 futures climbed 2.3%.

Iranian Foreign Minister Abbas Araghchi then responded with a statement after Trump’s ceasefire announcement.

Araghchi said Iran appreciated the efforts of Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir to help end the war.

He added that, following Sharif’s public request, the US request for talks around its 15-point proposal, and Trump’s stated acceptance of the broad framework of Iran’s 10-point proposal, Iran’s Supreme National Security Council was declaring that if attacks on Iran stop, its armed forces will also stop their defensive operations.

“For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations,” said Araghchi.

Across Asia, Australia’s S&P/ASX 200 stock index rose by 1.74% to close at 8,728.8, and Japan’s Nikkei 225 edged up just 0.03% to 53,429.56, while the broader Topix added 0.25% to 3,654.02.

South Korea’s Kospi is up by 0.82% at 5,494.78, but the small-cap Kosdaq has fallen by more than 1% to 1,036.73.

Mainland China’s CSI 300 stock index is staying flat at 4,440.62, while India’s Nifty 50 erased earlier losses to rise 0.23%, and the Sensex added 0.25% in choppy regional trading, according to data gotten from TradingView.

What to know

Bitcoin, stock futures, and broader risk markets jumped while oil sank after Trump’s two-week ceasefire pause and Iran’s response pointed to a temporary easing in the US-Iran crisis.

Share this article

TABLE OF CONTENT

Share this article

BEST COINS'26
TON
Explore
ZEC
Explore
DOGE
Explore
HYPE
Explore

MORE … NEWS

DEEP CRYPTO
CRASH COURSE