Iran has proposed a permanent deal to lift the blockade of the Strait of Hormuz, according to Axios sources. The offer comes as nuclear talks remain deadlocked, with Tehran's leadership divided on uranium concessions. Foreign Minister Abbas Araghchi presented the plan to mediators from Pakistan, Egypt, Turkey, and Qatar during weekend talks in Islamabad.

The geopolitical standoff carries implications for crypto markets, particularly oil-pegged stablecoins and energy-intensive mining assets like BTC and ETH. A resolution could ease supply chain pressures affecting mining operations in the Middle East, while continued tensions may drive haven flows into decentralized assets.

Trump administration officials will review the proposal Monday amid warnings that lifting sanctions prematurely could reduce leverage. The Strait handles 20% of global oil shipments - its closure would ripple through energy markets and likely increase institutional interest in crypto as an inflation hedge.