Iran sends response to U.S. ceasefire proposal as oil and crypto markets watch closely

Iran has delivered its response to a U.S. ceasefire proposal through Pakistani mediators. This development adds a new layer of uncertainty for global markets. The proposal was designed to reopen the Strait of Hormuz and restart discussions on Iran’s nuclear program, reports The Guardian. After the response was passed to Pakistan, it was forwarded to Washington. Tehran did not reveal the contents of its reply. Investors are on the lookout for interest rates The tensions between Iran, Israel, and U.S.-aligned forces have affected energy markets since February. Oil traders, in turn, have been watching supply risks, inflation pressures, and related interest rates. Higher oil prices trigger inflation concerns, delaying Federal Reserve rate cuts. Lower rates generally support risk assets by improving liquidity. Investors are more drawn to higher-growth trades such as technology stocks and