Former President Donald Trump has stated that a peace deal with Iran is anticipated to be signed on Sunday. This announcement has raised eyebrows, particularly as it contradicts Tehran's position on the matter.
Crypto analyst Michaël van de Poppe commented that such a peace deal could have significant implications for financial markets, particularly by increasing liquidity in risk-on assets, including cryptocurrencies.
The deal is expected to facilitate the reopening of the Strait of Hormuz, a critical waterway for global oil shipments, which could further influence market dynamics.