It was one other eventful weekend wherein the 2 opponents exchanged contrasting and complicated statements on what is occurring with their ceasefire, whether or not any peace talks are scheduled, and what’s subsequent.
Maybe essentially the most worrisome half got here simply hours in the past when each nations resumed the strikes towards one another.
Strikes Resumed
At first, US President Donald Trump introduced on his social media platform that the US Navy Guided Missile Destroyer USS Spruance intercepted a 900-feet-long Iranian-flagged cargo ship known as Touska, and “gave them a good warning to cease.” Nonetheless, Touska’s crew “refused to pay attention,” and the US destroyer “stopped them proper of their tracks by blowing a gap within the engine room.”
He added that US Marines have custody of the vessel, and it’s below US Treasury Sanctions due to “their prior historical past of criminal activity.”
Shortly after, Iran responded that it had attacked US navy ships with drones to retaliate for the preliminary strikes and the seizure of the cargo vessel.
These assaults have been the cherry on prime of an eventful weekend. After Friday’s reopening of the Strait of Hormuz, Iran determined to shut it once more hours later because the US didn’t transfer its naval blockade. Then, the US stated each events would resume the peace talks on Monday, however Iran denied any such plans.
Beforehand, Iran additionally refuted all of Trump’s statements made on Friday, together with agreeing to surrender its uranium enrichment program.
Over the past 48 hours:
1. Iran has closed the Strait of Hormuz
2. The US claimed peace talks would resume with Iran tomorrow
3. Iran has backed out of peace talks with the US
4. Iran has accused the US of plotting a “shock assault”
5. The US has struck and seized an…
— The Kobeissi Letter (@KobeissiLetter) April 19, 2026
Markets React
Since crypto is the one monetary market working 24/7, it felt some volatility over the weekend, largely heading south. Bitcoin had soared to $78,400 on Friday however was shortly halted there and dipped under $74,000 after the assaults resumed.
US inventory market futures opened decrease throughout the night time, with losses of round 1%. In distinction, WTI Crude and Brent Oil exploded by over 8%. USOIL additionally soared by roughly $10, going from its native low of $79 to $89.
Extra volatility is anticipated within the coming days because the ceasefire formally expires. The assaults from final night time solely worsened the state of affairs, and there aren’t any evident talks in place.
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