U.S. President Donald Trump posted on Truth Social on June 30 that "Iran has proposed holding talks, which will be held in Doha on Tuesday," after which Bitcoin rebounded briefly but temporarily reported at $59,829, failing to reclaim the $60,000 threshold. The announcement of the negotiations came after a weekend of multiple military clashes between the U.S. and Iran and a temporary ceasefire agreement allowing commercial vessels to resume passage through the Strait of Hormuz.
Weekend Military Conflict to Temporary Ceasefire: Strait of Hormuz Transit Status Update
Over the weekend, U.S. warplanes carried out airstrikes on 10 Iranian military targets in and around the Strait of Hormuz, including missile storage facilities, drone bases, and coastal radar stations. The direct trigger was: a Panamanian oil tanker M/T Kiku, loaded with over 2 million barrels of crude oil, was attacked by Iranian drones while transiting the Strait of Hormuz.
On Sunday, a U.S. official told CNBC: "Technical negotiations on all topics of the Memorandum of Understanding (MOU) will continue. Both sides will temporarily cease military operations for now, and vessels can pass freely." The U.S. Central Command (CentCom) has publicly released the statement on the above airstrikes. The Strait of Hormuz carries about 20% of the world's seaborne crude oil shipments.
Doha Negotiation Participants and Congressional Briefing Procedure
White House Press Secretary Karoline Leavitt told media on Monday that U.S. envoys Steve Witkoff and Jared Kushner will travel to Doha for the talks. A White House official told CNBC that Secretary of State Marco Rubio and Witkoff will brief Congress on Monday on the preliminary peace agreement reached by both sides. The White House has not disclosed the specifics of the agreement.
Key Market Agenda This Week: Walsh Speech and Multiple Employment Data Releases
New Federal Reserve Chairman Kevin Walsh will deliver a speech at the European Central Bank's annual symposium in Sintra, Portugal. This week's data release schedule is as follows:
Tuesday (July 1): JOLTS Job Openings Report (April reading 7.618 million, May data released same day), Chicago PMI, Conference Board Consumer Confidence Index
Wednesday (July 2): U.S. ADP Private Employment Data
Thursday (July 3): U.S. June Nonfarm Payrolls Report, ISM Manufacturing PMI
According to data from Prime Terminal as of June 30, money market futures pricing shows: the implied probability of a Fed rate hike before September is about 64%; the probability of maintaining rates unchanged at the July policy meeting is higher.
Frequently Asked Questions
Has the Doha negotiation announced by Trump received an official response from Iran?
As of the time of reporting on June 30, 2026, the Iranian Foreign Ministry has not publicly responded to Trump's statement; this announcement is currently a unilateral statement from the U.S. side. CNBC has contacted the Iranian Foreign Ministry and is awaiting comment, with no official Iranian statement available to cite.
What is the current transit status of the Strait of Hormuz?
According to a statement from a U.S. official to CNBC on Sunday, after the two sides reached a temporary ceasefire, commercial vessels have resumed free passage through the Strait of Hormuz. U.S. officials said technical negotiations will continue.
What is the direct background for Bitcoin failing to reclaim the $60,000 mark?
On June 30, after a short-term rebound, Bitcoin closed at $59,829. The same day faced multiple factors: ongoing U.S.-Iran geopolitical tensions, the market awaiting Walsh's Sintra speech, and multiple important employment data this week yet to be released.
