Iran Ghalibaf Quits Talks Team, Triggering a Risk-Off Shockwave Across Global Markets

Iran parliament speaker Mohammad Ghalibaf’s resignation from the nuclear talks team triggered an immediate risk-off reaction across global markets. Crypto led the selloff with Bitcoin tumbling over 3% below $60,000 and Ethereum and other altcoins dropping as investors fled volatile assets. Safe havens rallied: gold rose to about $2,350/oz and the US dollar strengthened, while oil (Brent) spiked on supply-risk fears. Crypto-specific metrics show roughly $300m in long liquidations and a 5% decline in Bitcoin futures open interest, signalling short-term deleveraging by institutional traders. The move raises geopolitical uncertainty and the probability of a deal collapse, keeping markets vulnerable to further volatility and potential energy-price shocks.