The entire market surges! Just now, Iran made a major announcement!

Iran’s latest response.

According to the latest report by Xinhua News Agency, Iran’s Foreign Ministry spokesperson Nasser Baghaei said on the 6th that Iran has prepared a response on issues including the proposed end-of-war plan conveyed by the mediator, and will disclose it to the public in a timely manner. Earlier, there were reports that the United States and Iran had received a proposal for a ceasefire agreement, which may take effect on the 6th.

Affected by this, the cryptocurrency market surged across the board. Bitcoin jumped 3%, Ethereum rose more than 5%. According to CoinGlass data, in the past 24 hours, a total of 84,940 people worldwide were liquidated. In addition, spot gold and silver have also continued to rise, while international oil prices have continued to fall.

Regarding the situation in the Middle East, Iran’s Islamic Revolutionary Guard Corps issued a statement today (April 6) stating that the Islamic Revolutionary Guard Corps Navy and Aerospace Force jointly launched “Operation Real Promise 4,” Wave 98, of strikes. The statement said that the U.S. amphibious assault ship “USS Tripoli” (LHA-7), carrying more than 5,000 U.S. sailors and Marines, was hit by Iranian forces and was forced to retreat deep into the southern part of the Indian Ocean.

Cryptocurrency market surges across the board

On April 6, the cryptocurrency market strengthened across the board. As of 19:30 Beijing time, Bitcoin was up 3.88%, trading at $69,579; Ethereum rose 5.34%, to $2,150; SOL, XRP, Dogecoin, BNB, and others were up more than 3%.

Driven by this, U.S. stock premarket trading for cryptocurrency-related concept stocks rose across the board. Coinbase was up more than 3%, while Strategy and Circle surged more than 4%.

The precious metals market also continued to rise. Spot gold was up 0.36%, at $4,688.46 per ounce, after having previously fallen 1.5%; spot silver was up 0.35%, at $73.29 per ounce, after having previously fallen 2.5%.

International oil prices saw a sharp drop. WTI crude oil futures were down 1.34% on the day, after having previously risen more than 3%; Brent crude oil futures were down 0.47%, after having previously risen more than 2%.

Some analysts said that related news about the U.S.-Iran ceasefire agreement boosted market confidence. VIX index futures continued to fall, now down 1.55%.

According to CCTV News, a source previously disclosed that the United States and Iran had received a proposal for a ceasefire agreement, which may take effect on the 6th. The source said that Pakistan had drafted a framework proposal for ending the conflict and had communicated with the U.S. The proposal aims to first achieve an immediate ceasefire, reopen the Strait of Hormuz, and then reach a final agreement within 15 to 20 days. The final agreement may include Iran’s commitment not to seek nuclear weapons in exchange for sanctions relief and the unfreezing of frozen assets.

Homin Lee, a strategist at Singapore’s RHB Bank, said: “For investors, the prediction game is still quite tricky. Investors’ focus will center on military actions on both sides of the Persian Gulf, and whether, despite these attacks, ship passage through the Strait of Hormuz can further improve.”

Rob Subbaraman, head of global macro research at Nomura, said: “The market’s nerves are tight, and there’s very little time left. There are only two outcomes—ceasefire or escalation.” He also noted that the tone of U.S. President Trump shows the White House’s urgent desire to end the war, while investors continue to hedge against the risk of escalation.

Rob Subbaraman also warned that the war has lasted long enough “to trigger a severe surge in inflation worldwide,” and if the situation escalates further, the inflation impact could quickly evolve into a growth shock, leading to demand contraction and a full-blown stagflation scenario.

JPMorgan Chase CEO Jamie Dimon said that war-related risks could make inflation even more stubborn, with interest rates higher than market expectations. The conflict in the Middle East increases the likelihood of major “oil and commodity price shocks” and the reshaping of global supply chains.

Iran’s latest response

On the evening of April 6, according to Xinhua News Agency, Iran’s Foreign Ministry spokesperson Nasser Baghaei said on the 6th that Iran has prepared a response on issues including the end-of-war plan conveyed by the mediator, and will disclose it to the public in a timely manner.

At a news briefing held in Tehran that day, Baghaei said that a few days earlier, the U.S. had put forward some suggestions through the mediator. At the time, the Iranian side pointed out that the U.S. plan was “extremely excessive,” and Iran absolutely could not accept it.

Baghaei said that Iran put forward its own position based on Iran’s national interests, security, and the legitimate demands of the Iranian people. Iran has long been clear about its goals and red lines, and its position remains clear. “When the relevant discussions began, we had already prepared our response. At the appropriate time, we will make it known clearly.”

Baghaei pointed out that conveying positions through intermediaries is normal diplomatic practice, and such communication will continue. However, negotiations could never be based on threats of a “ultimatum, atrocities, or war crimes.” The lessons from previous negotiations between Iran and the U.S. will not be ignored.

That same day, Iran’s Foreign Minister Aragchi spoke by phone with France’s Foreign Minister Barrau, and both sides exchanged views on the latest situation in the region and international issues related to attacks launched against Iran by the U.S. and Israel.

Aragchi said that U.S. threats amount to the normalization of war crimes and acts of genocide. If carried out, Iran’s armed forces will certainly deliver a firm and comprehensive retaliation. He emphasized that the consequences of such a situation would not be limited to Iran and the region, but would also cause destructive damage to global energy markets and the economic system, with all responsibility lying entirely with U.S. officials and the aggressor side.

During the phone call, France’s foreign minister Barrau stressed that the war must be brought to an end, and pointed out that attacks targeting infrastructure would further exacerbate regional tensions. He also reiterated that the current crisis should be resolved through diplomatic channels.

At present, Iran’s retaliatory actions are still ongoing. According to CCTV International News, Iran’s Islamic Revolutionary Guard Corps issued a statement today (April 6) stating that the Islamic Revolutionary Guard Corps Navy and Aerospace Force jointly launched “Operation Real Promise 4,” Wave 98, of strikes.

The statement said that the U.S. amphibious assault ship “USS Tripoli” (LHA-7), carrying more than 5,000 U.S. sailors and Marines, was targeted by Iranian forces and was forced to retreat deep into the southern part of the Indian Ocean. Iranian naval forces used cruise missiles to strike Israel’s container ship SDN7, and the missile hit the vessel, causing a large-scale fire. In this round of operations, the Islamic Revolutionary Guard Corps also used ballistic missiles to strike multiple strategic targets in northern and southern areas of Tel Aviv and in Haifa, as well as to target chemical industrial enterprises in the southern city of Beersheba and defense-industry enterprises in the central city of Petah Tikva.

The statement noted that several aircraft at Kuwait’s Ali Al-Salem Air Base were also precisely targeted by Iranian drones and missiles during this round of operations.

Editors: Tactical Heng

Layout: Wang Lulou

Proofreaders: Yao Yuan