Fresh diplomacy and crypto compliance enforcement converged on the Iran story again, sending oil lower and raising new questions about how sanctions pressure is moving across both energy markets and stablecoin rails.
The Kobeissi Letter said that President Donald Trump is sending Steve Witkoff and Jared Kushner to Pakistan for a second round of Iranian talks. Reports also confirmed the involvement of Iran’s foreign minister, while Vice President JD Vance is not currently expected to join unless the talks show progress.
The market reaction came quickly. The Kobeissi Letter said oil fell to a new intraday low on the news, and that renewed diplomatic contact tends to ease some near-term supply fears around the U.S.-Iran conflict.
