Iran Denies US Ceasefire Extension as August 17 Deadline Nears, Bitcoin Falls Below $64K

TLDR

• Iran denied agreeing to extend the 60-day US ceasefire framework.
• Tehran said the June agreement never entered its implementation phase.
• The current negotiation window is due to expire on August 17.
• Strait of Hormuz shipping traffic remains well below pre-war levels.
• Bitcoin traded near $63,300 after slipping below the $64,000 level.

Iran has denied reports that it agreed with the United States to extend a 60-day diplomatic window, leaving five days before the August 17 deadline for a broader agreement. Tehran said the June arrangement never reached its implementation phase and rejected claims that a ceasefire extension had been negotiated.

The dispute comes as fighting and shipping tensions continue around the Strait of Hormuz, while Bitcoin trades below $64,000. BTC was changing hands near $63,314 on Wednesday after reaching an intraday high of about $64,298.

Iran Rejects Claims of US Ceasefire Extension

Reports earlier Wednesday said Washington and Tehran had “agreed” through mediators to extend the 60 days established under their June memorandum. Iranian officials rejected that account and said no negotiations had taken place over extending a ceasefire.

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