Significant progress has been made in US-Iran peace talks, driving sharp rallies in US stocks and gold, a steep slump in crude oil, while Bitcoin remains in sideways consolidation.

Overnight to early morning, US-Iran peace talks made major progress. According to media reports, the U.S. agreed to allow Iran to maintain uranium enrichment at a maximum of 3.67%, a condition Iran accepted. The two sides are also arranging discussions on the return of International Atomic Energy Agency (IAEA) inspectors to Iran, with a preliminary agreement on Iran’s uranium enrichment level expected. Brent crude oil’s intraday losses widened to nearly 8%. After meeting with Qatar’s prime minister on Monday, Trump said there is no need for military action currently; if the Middle East situation changes, the U.S. stands ready to act at any time, but such an outcome is “extremely unlikely” for now. Affected by the news, the S&P 500 notched its largest daily gain in seven months, while the Dow Jones closed up more than 2% each; the semiconductor index rose nearly 7%, with a two-day cumulative gain of 11%. In terms of individual stocks, data from the BIT Stock Platform shows AMD rose over 10%, SpaceX gained nearly 6%, while Nvidia fell 4.27% against the trend due to the Jensen Huang incident. AI stocks continued their rebound: among optical communication concept stocks, Coherent rose nearly 17%, Lumentum gained over 10%, and MRVL rose 9.49%; storage stocks SNDK rose 6.16%, STX and WDC both climbed nearly 10%; neocloud concept stocks NBIS rose 9.24%, CRWV gained 5.56%. Crude oil was pressured by expectations of easing geopolitical tensions. Brent crude once dropped nearly 8%, and West Texas Intermediate (WTI) crude fell more than 6% at one point. Meanwhile, as the U.S. dollar index retreated, copper and precious metals (gold and silver) rebounded. Notably, HTX market data shows Bitcoin, which had been relatively resilient amid prior declines, performed weakly in this rebound, still failing to recoup its losses from yesterday’s morning session, and was temporarily trading at $75,337.00.