The Iran-U.S. peace process achieves its first substantive result, but the market remains cautious

After five months of repeated twists and turns, the United States and Iran have finally reached a preliminary agreement. Trump announced free passage through the Strait of Hormuz and lifted the U.S. Navy blockade; Iran’s Deputy Foreign Minister confirmed that the text of the memorandum between the two sides is finalized and will be signed in Switzerland this Friday. However, it should be noted that this is only a memorandum, and the final agreement still needs to be concluded through negotiations within 60 days, covering deep issues such as lifting sanctions, nuclear matters, and reconstruction mechanisms.

The market responded with relief rather than celebration: Bitcoin rose 2.48% to $65,642, while Ethereum increased 3.65% to $1,723.88; the U.S. stock S&P 500 edged up 0.59%, Micron rose to $1,029, and the SpaceX-related stock SPCX remained steady. Oil prices and geopolitical risk premiums have eased somewhat, but the 60-day negotiation window still holds uncertainties; future trends will depend on whether the subsequent terms can be implemented. #我的Gate交易时刻