How Will BTC React as US and Iran Reportedly Extend Ceasefire?

Citing a report by Al Arabiya, The Kobeissi Letter noted minutes ago that the United States and Iran have agreed to extend the 60-day ceasefire in a deal brokered by Pakistan.

Although there’s no official confirmation by either side, the timing is quite peculiar since the previous ceasefire’s deadline expires today.

Previous reports indicated that US President Donald Trump had established a “backchannel” in place with officials of Iran’s Revolutionary Guard.

According to Axios, the Trump administration bypassed Iran’s negotiators and reached out directly to the country’s leadership, tapping Nechirvan Barzani, the president of the Kurdistan region in Iraq.