Muscat talks aimed at de-escalation sent Bitcoin higher as geopolitical risk premiums unwound across energy and crypto marketsIran and Western envoys quietly resumed backchannel negotiations in Muscat this week, days after President Trump paused planned military strikes on Iranian energy infrastructure. Oman, which has served as a neutral mediator in Iran-US discussions since April 2025, is once again hosting. What happened and why crypto caresOn August 2, Trump paused military strikes on Iranian targets following regional discussions about de-escalation. Araghchi’s direct participation in the current round signals that Tehran is treating these discussions with some seriousness. First, any concrete announcements from the Muscat channel regarding Strait management protocols.