BREAKING: Ceasefire Draft Reaches Trump and Iran Amid Escalation - Bitcoin Surges Past $70,000 as Markets React

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2026-04-06 13:07:13

A two-step US-Iran ceasefire plan, the Islamabad Accord, was delivered overnight following heightened tensions, with Pakistan mediating. The draft proposes an immediate ceasefire and reopening of the Strait of Hormuz, followed by 15-20 days of direct negotiations. This diplomatic push comes as military actions intensify: Israel killed the IRGC intelligence chief and struck Baharestan, while Iran launched another missile wave at central Israel. Financial markets are reacting violently to the mixed signals—Bitcoin momentarily jumped back above $70,000, the S&P 500 gained 3.4% last week, and the VIX fear index spiked from below 20 to around 24.

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