US and Iran Agree 60-Day Roadmap; Bitcoin Near $64,000

Mediators from Qatar and Pakistan reported that the United States and Iran agreed on a roadmap aimed at reaching a final deal within 60 days. Technical talks began immediately at the Bürgenstock resort in Switzerland and are expected to continue through the week.

Under the roadmap, delegations agreed to set up a de-confliction cell with Lebanon to halt military operations and to establish a direct line of communication for incidents in the Strait of Hormuz to protect commercial shipping during the 60-day period. Discussions also covered potential waivers on oil and petrochemical exports and the release of some frozen assets for Iran.

Mediators described hours-long sessions as showing encouraging progress but cautioned that the roadmap is not a signed agreement. Earlier rounds were interrupted by sharp rhetoric, and reports on the latest session contained some conflicting accounts.

Financial markets moved on the diplomatic news. Bitcoin traded near $64,000 after the announcement. Traders monitor the Strait of Hormuz because it handles about 20% of global energy shipments; past disruptions have pushed oil prices and U.S. inflation higher.

Bitcoin has swung between roughly $60,000 and $75,000 during recent tensions as oil prices and risk sentiment changed. The token rose above $65,000 at times when officials signaled progress and fell during risk-off moves.

Market participants noted the agreement will likely be treated as a tentative positive rather than a final resolution until technical talks produce concrete, verifiable steps. Negotiators will continue discussions in Switzerland this week, with incident management and economic measures central to follow-up talks.