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am Cige. The U.S. is expanding financial and trade sanctions against Iran, while countries like Qatar are pushing to resume negotiations. Both sides, Iran and the U.S., are engaging on the issue of navigation through the Strait of Hormuz. Sanctions escalation and diplomatic progress are happening simultaneously. Oil prices have not risen but instead fallen, as the market believes diplomacy is closer to yielding results than sanctions. #BTC80KHoldOrFold #WarshAtJacksonHole #IranSanctionsAndTalks