Iran Hands US a 7-Day Hormuz Ultimatum; Bitcoin Shrugs, Holds $84K 🕊️

Iran's Foreign Minister Abbas Araghchi confirmed that Tehran submitted a seven-day proposal to the United States through intermediaries, outlining steps to reopen the Strait of Hormuz, negotiate an end to the war, and restart talks on Iran's nuclear program. Araghchi said the timeline to reopen Hormuz can begin if the US accepts certain conditions, with broader diplomatic talks also set to resume.

Speaking to reporters, Araghchi stated that Iran is "not in a hurry" to reach an agreement, and that progress depends on the US easing tensions and beginning talks. As reported earlier this week, Iran wants the US to lift its naval blockade and halt related military operations to reopen the Strait of Hormuz within seven days. "I think it would be [possible]," Araghchi said when asked about the proposed timeline, indicating conditional willingness to move forward.

Global stock markets and Bitcoin rebounded amid the positive sentiment surrounding the proposal. Bitcoin ($BTC) held above $84,000 as traders also monitored the scheduled Trump–Xi meeting and today's crypto options expiry. The price stability came as risk appetite returned across both traditional and digital asset markets following news of the diplomatic overture.

The proposal adds a concrete timeline to months of indirect exchanges between Washington and Tehran, mediated through regional partners. Iran's conditions include the lifting of the naval blockade and a halt to related military operations in and around the strait, through which a significant share of global seaborne oil transits daily. The US has not publicly confirmed receipt of the plan or responded to the specific terms outlined by Araghchi.

If accepted, the seven-day framework would mark the first structured attempt in the current conflict to reopen Hormuz shipping lanes while simultaneously reviving nuclear negotiations. Araghchi emphasized that the final decision rests with Washington, framing the proposal as an opportunity to de-escalate rather than a concession. Markets are expected to remain sensitive to any official US response in the coming days.