The market was ignited by expectations of "U.S.-Iran détente." Trump announced that an agreement would be reached soon, combined with statements about the "opening" of the Strait of Hormuz, leading to a collective rally in risk assets, with Bitcoin and U.S. stocks rising and oil prices falling sharply. However, Iran quickly denied some of the claims, stating that the so-called "opening" is not entirely free passage but still requires coordination. Essentially, this round is more driven by expectations rather than actual implementation. As long as the details are not confirmed, this back-and-forth will continue.