#USIranFourPhasePlan Geopolitical risk remains one of the most important macro drivers for global markets. On June 3, Iran reportedly presented a four-phase framework to the United States aimed at reducing regional tensions. The proposal includes an immediate ceasefire, reopening of the Strait of Hormuz, phased sanctions relief, broader nuclear negotiations, and the creation of a compliance oversight mechanism. The key obstacle remains compensation terms, which could determine whether negotiations advance or stall. For markets, the Strait of Hormuz is the critical variable. Roughly one-fifth of global oil flows pass through the corridor, making any progress toward stability potentially bearish for oil prices and supportive for risk assets. Conversely, renewed tensions could quickly reignite supply concerns and push energy prices higher. Recent signals from President Trump suggest Washington may tolerate limited regional conflict as long as U.S. personnel are not directly affected, reducing the probability of immediate escalation but not eliminating geopolitical uncertainty. For crypto markets, easing tensions could strengthen risk appetite, supporting flows into assets such as $BTC and the broader digital asset sector. However, if negotiations break down and energy markets react negatively, investors may shift toward a more defensive stance, creating short-term headwinds for risk assets. Market focus now turns to whether both sides can move beyond the compensation dispute and advance toward Phase 1 implementation. Watch closely: • $BTC reaction to macro risk sentiment • $CL crude oil volatility • Sanctions and nuclear negotiation headlines • Strait of Hormuz developments $BTC $CL #USIranFourPhasePlan @OKX Orbit