After US-Iran Preliminary Agreement, Hormuz Strait Reopens to Shipping, Partially Stranded Vessels Start to Transit

June 21 — Iran’s Fars News Agency, citing military sources, announced the Strait of Hormuz remains closed. The Iranian Navy will not issue passage permits to any vessels until receiving explicit formal notification, the report said. Separately, Iran’s Islamic Republic News Agency (IRNA) quoted a Foreign Ministry spokesman confirming that the upcoming Doha talks will run for one day, with an afternoon quadrilateral meeting including Iran, the United States, Qatar, and Pakistan. The ongoing Strait of Hormuz closure and parallel diplomatic negotiations have created significant uncertainty, as global energy and shipping markets closely track all related developments.

June 21. According to new data from Vesper, U.S. whey protein prices have climbed sharply recently. Whey Isolate now tops $14 per pound, and Whey Concentrate 80 isn’t far behind with its own steep price jump. Both have hit all-time highs, with some netizens wryly comparing these price spikes to the supply crunch-driven hikes hard drive maker Sandisk (SNDK) dealt with earlier. Serenity quipped that whey protein is now mirroring the supply-demand dynamic of the AI hash rate industry: surging demand meeting supply bottlenecks is driving fast price increases. Right now, market watchers are worried creatine could be the next fitness supplement category to face shortages. As for the longer-term price trend, whey protein bottomed out in 2023 before a major rebound, with growth accelerating through 2026 – a development that’s getting plenty of notice from fitness consumers.

June 21 — Crypto analyst Lark Davis noted that the current reading for Bitcoin’s Puell Multiple indicator signals the market is either approaching or already in the bottoming phase of this cycle. This metric measures miner profitability by comparing their daily earnings to the 365-day average, and historically, periods where miner income stays low (forcing them to sell Bitcoin to cover operating costs) tend to align with the cycle’s lowest points. Davis added that while the indicator hasn’t hit the green oversold territory yet, signs of stress among miners have emerged — a development that typically marks the end of a bear market. He also pointed out that the price action in this cycle has been far milder than historical patterns would indicate. As for whether $59,000 will hold as the cycle’s low point? Davis says that will become clear over the coming months, though the clues pointing to that possibility are growing more distinct by the day.

On June 21st, crypto and tech analyst Miles Deutscher cited data from Epoch AI’s Capability Index, showing the gap in capabilities between open-source AI models and top closed-source large models is shrinking rapidly. Two years ago, this gap stood at roughly 12 months—but it’s now narrowed to around 4 months. From a development perspective, open-source models have advanced from models like Llama 2-70B to newer releases including GLM 5.2 and Kimi K2.6. Meanwhile, closed-source frontier models have evolved to the scale of GPT-5.5 Pro. At the current pace of progress, Deutscher predicts a top-tier AI matching the capability of Anthropic’s Claude Fable model will be freely available for public download in open-source form in roughly another 6 months. This trend means the capability advantage once seen as a core moat for closed-source tech giants is fading fast. The rise of the open-source ecosystem could profoundly reshape the AI business landscape and global competition around computing

On June 21st, data from HTX shows TNSR surged more than 78% over the past 24 hours, is now trading at $0.051, and boasts a market cap of $31.6 million.

On June 21, Saudi media outlets Al Hadath and Al Arabiya reported that the United States, Iran, and Pakistan have launched bilateral and trilateral contacts. Iranian authorities stated that the first round of formal negotiation sessions will take place at 11:30 Greenwich Mean Time (19:30 Beijing Time). Iran's state news agency also noted that the Iranian delegation is fully prepared for the upcoming negotiations.