BlockBeats News, May 25th. According to The New York Times, the United States and Iran are continuing to advance ceasefire and peace agreement negotiations, but the final agreement is still expected to take several days to complete and receive approval from the top leadership of both sides.

U.S. President Trump stated that the agreement would either be "great and meaningful," or else "there will be no agreement." The Iranian side, however, stated that while there is consensus on most issues, "signing the agreement is not imminent."

Reportedly, the core of the discussed agreement currently includes reopening the Strait of Hormuz for navigation, de-escalating the Middle East conflict, and buying time for future Iran nuclear negotiations. U.S. officials said that Iran has agreed in principle to deal with its highly enriched uranium stockpile, but the Iranian Foreign Ministry emphasized that the current focus of the negotiations is still on "ending the war" and has not delved into nuclear details.

Driven by expectations of peace, international oil prices experienced a sharp drop on Monday, with Brent crude falling over 5% at one point, global stock markets collectively rising, U.S. stock futures hitting a historic high, the Japanese stock market surging by about 3.5%, and Bitcoin seeing a rebound in anticipation.

However, concerns about the agreement are escalating within Israel. Israeli opposition leader Yair Lapid criticized the agreement as "detrimental to Israel and the entire region," believing that it fails to genuinely restrict Iran's nuclear capabilities and missile arsenal. Meanwhile, U.S. Secretary of State Marco Rubio stated that negotiations between the U.S. and Iran are still ongoing, with further updates possibly being announced later in the day.