Bitcoin climbs after Trump signals talks with a “new regime” in Iran, warns of strikes on oil assets if negotiations fail.

Donald Trump said “great progress” has been made toward ending the conflict in Iran, while warning the U.S. would “obliterate” key infrastructure — including power plants, oil fields and Kharg Island — if a deal is not reached जल्द.

The U.S. president revealed that Washington is now “in serious discussions with a new, and more reasonable, regime,” marking the first public indication of a leadership shift in Tehran since the war began five weeks ago. His use of the term “new regime” suggests negotiations are taking place with a governing structure that did not exist when hostilities erupted in late February.

In the same Truth Social post, Trump called for the Strait of Hormuz to be “immediately open for business” and issued a stark warning that the U.S. could target Iran’s energy and utility infrastructure if talks fail. He added that desalination facilities are also being considered as potential targets.

Notably, these assets had been deliberately avoided throughout the conflict so far, according to Trump.

The messaging presents a mixed signal for markets. On one side, the prospect of a ceasefire and engagement with a new leadership points to de-escalation, with Trump emphasizing that “great progress” is being made. On the other, the explicit threat to destroy critical civilian and energy infrastructure introduces significant downside risk if negotiations collapse.

Markets reacted swiftly to the headlines. Bitcoin surged above $67,600, extending its 24-hour gain to around 1.3%. Ether outperformed, rising 3.1% to $2,070, while Solana climbed 1.9% to $84.09 and XRP added 1% to $1.35. Despite the rebound, weekly performance remains negative across most major tokens — bitcoin is down 1.3%, XRP 1.2%, and solana 2.2%. Tron stands out, gaining 1.3% on the day and 5.3% over the past week.

The move higher also triggered a wave of short liquidations. Data from CoinGlass shows $9.32 million in bearish positions wiped out within a single hour, compared to just $207,000 in long liquidations.

Over a 24-hour period, total liquidations reached $340 million, with $242.25 million occurring during the earlier sell-off before Trump’s announcement. The largest single liquidation was a $9.8 million BTCUSD position on Bybit.