Tensions between the U.S. and Iran continued to ease overnight into July 27, according to BlockBeats, after Iran’s foreign ministry said communication between Tehran and Washington was still ongoing and mediators were continuing their work. The report said the shift came after Donald Trump paused strikes on Iran, reviving the so-called TACO trade under a backdrop of elevated oil prices and Treasury yields. Markets reacted quickly. WTI crude fell at the open and was quoted at $83.608 at press time, down 6.26% over 24 hours based on Bitget data. U.S. equity futures moved higher, with Nasdaq futures opening 1.4% up on Monday and S&P 500 futures rising 0.76%. The 10-year U.S. Treasury yield also pulled back to 4.632%, down 1% on the day. In crypto, HTX market data showed Bitcoin accelerating its rebound in the morning, changing hands at $65,416.76, up 1% over 24 hours. BlockBeats also noted that ChangXin Technology listed on China’s STAR Market on the same day, while its stock contract on tradexyz was quoted at $6.5424 at press time.
U.S.-Iran tensions continued to ease overnight into July 27, according to BlockBeats.
Iran’s foreign ministry said communication between Iran and the United States was still ongoing, while mediators were continuing related efforts. BlockBeats said those developments came on the back of Donald Trump’s pause on strikes against Iran, adding that the TACO trade had once again played out against a backdrop of elevated U.S. Treasury yields and oil prices.
Oil moved lower at the open. As of press time, Bitget market data showed WTI crude at $83.608, down 6.26% over the past 24 hours.
U.S. equity futures rose at the same time. Nasdaq futures opened 1.4% higher on Monday, while S&P 500 futures gained 0.76%. The 10-year U.S. Treasury yield also declined to 4.632%, down 1% on the day.
In crypto markets, HTX data showed Bitcoin accelerating its rebound this morning. It was quoted at $65,416.76 at press time, up 1% over 24 hours.
BlockBeats also said ChangXin Technology was listing on China’s STAR Market on the same day. As of press time, the company’s stock contract on tradexyz was quoted at $6.5424.
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