CoinEx News: US-Iran negotiations over an interim framework to end the war and reopen the Strait of Hormuz continued on May 25-26, with Trump saying talks were "proceeding nicely" after previously saying an agreement had been largely negotiated. The optimism pushed Brent and WTI to two-week lows, while Tehran signaled no final signing stage and US forces still carried out self-defense strikes in southern Iran.

Oil's risk premium is now the live macro transmission channel for crypto. Lower crude eases inflation and rates pressure, but unresolved enrichment, sanctions and Hormuz sequencing keep BTC exposed to headline reversals.