On August 2, 2026, Donald Trump announced on Truth Social the cancellation of planned U.S. strikes against Iran. Gulf stock markets, including Saudi Arabia’s Tadawul, rebounded on August 3 after suffering losses throughout July. Saudi Arabia, Qatar and the UAE had lobbied Washington for a diplomatic solution, proposing a framework centered on reopening the Strait of Hormuz. In March 2026, during a similar de-escalation episode, Bitcoin climbed roughly 5% to briefly trade above $71,000, confirming that the leading cryptocurrency now trades as a risk asset sensitive to geopolitical tensions.
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