Marco Rubio visits Bahrain seeking Gulf backing for Iran deal as crypto markets rally on de-escalation
➤ US Secretary of State Marco Rubio is visiting Bahrain to secure Gulf support for a new US-Iran reconstruction deal, including a $300 billion financing framework and passage guarantees through the Strait of Hormuz. ➤ The announcement of the MOU has led to a significant rally in crypto markets, with Bitcoin surging past $66K, driven by optimism over geopolitical de-escalation and reduced energy market risks. ➤ Investor sentiment is cautiously optimistic, but the success of the deal and the crypto rally depend on continued de-escalation, visible buy-in from GCC members, and Iran's adherence to its commitments.







