Reports indicate that an Iran-linked cyberattack last month disrupted a small UK gas power plant for four days, though the specific facility remains unnamed. Despite this incident, government documents confirm that mandatory cybersecurity standards for the sector will not be implemented until the end of 2030, a timeline that critics have described as a significant national security risk.
US-Iran Ceasefire to Last Into October? Crypto Punters Raise Odds as Qatar PM Heads to Tehran
Summary
Cryptocurrency traders are pricing in higher odds that the U.S.-Iran ceasefire will hold through October, even as lead mediator Qatar works to restart diplomacy between the two sides. âReturn to the Path of Negotiationsâ Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani is set to visit Tehran on Thursday to discuss the ongoing mediation efforts and other regional issues, Reuters reported. Qatarâs Foreign Ministry spokesperson said on X that the Middle Eastern country is undertaking efforts âto encourage a return to the path of negotiationsâ between the U.S. and Iran. The spokesperson said Qatarâs priority is âto restore normal navigationâ in the Strait of Hormuz, ensure global energy and food security and maintain the safety of supply chains. No Diplomatic Breakthrough in Sight The U.S. has accused Tehran of violating the memorandum of understanding by attacking commercial vessels transiting the Strait of Hormuz. Washington also reimposed the naval blockade against Iranian ports. Although the fighting has ceased for nearly a month, the U.S. has turned to economic sanctions to pressure Iran. Treasury Secretary Scott Bessent announced a new campaign earlier this week targeting the financial networks, companies and countries that help Iran generate revenue and bypass sanctions. Iran has termed the sanctions as âsystemic bullyingâ accusing the U.S. of âannihilatingâ international law. Polymarket Bets on Ceasefire Meanwhile, the betting crowd on Polygon (CRYPTO: POL)-based Polymarket currently assigns a 90% chance of the ceasefire continuing through Sept. 15, up from 48% a month ago. Similarly, the odds that the ceasefire holds through Sept. 30 rose to 83%, while the chance it lasts through Oct. 30 climbed to 75% Image via Shutterstock/ Below the Sky © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here.
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- Aniket VermaBy Aniket Verma
Cryptocurrency traders are pricing in higher odds that the U.S.-Iran ceasefire will hold through October, even as lead mediator Qatar works to restart diplomacy between the two sides. âReturn to the Path of Negotiationsâ Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-ThâŠ
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AntĂłnio Guterres, UN Secretary-General "I condemn today's military escalation in the Middle East. The use of force by the United States & Israel against Iran, and the subsequent retaliation by Iran across the region, undermine international peace & security.
" Tedros Ghebreyesus, Director-General, World Health Organization (WHO) "I am deeply concerned about the current situation in the ...
Washington Institute fellows are evaluating reported responses from Iranian-aligned groups, including Hezbollah and the Houthis, to current hostilities. The analysis also considers potential countermeasures by the U.S. administration and allies, citing a history of foreign terrorist plots attributed to Iran.
Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iranâs Revolutionary Guards said the two countries had agreed how to share the waterway and its revenues. The elite forceâs spokesperson, echoing Tehranâs official stance, also said the strait would not open unless the United States met Tehranâs conditions under an interim ceasefire agreement that was struck in June before unravelling.
Those conditions include an end to the US blockade on Iranian ports, compensation and removal of sanctions. Iran and Oman have held on-and-off talks for weeks about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February.
Most shipping has since been shut down, driving global energy prices higher, as Tehran and Washington have tried to assert control over the channel, imposing separate blockades. âAn agreement with Oman over the Strait of Hormuz has not been finalised,â the senior Iranian source said, adding that the talks were continuing on the details of an accord.
A spokesperson for Iranâs Islamic Revolutionary Guard Corps (IRGC) said Iran and Oman had reached an agreement on their shares of the territory and revenues. âThe Strait of Hormuz belongs to Iran and the country of Oman. We have been in negotiations with Oman for about a month, and we have reached results that are acceptable to both sides,â Hossein Mohebbi said in comments published by Iranian state media.
âIn these negotiations, agreements have been reached regarding the share of each country in the waters of the Strait and the share of Iran and Oman in its revenues,â he added. It was not immediately clear at what stage of the negotiations the agreements had been reached.
Iran had said earlier this month that a deal on the strait was close. Following talks on Tuesday between Iran and Oman, Omani foreign minister Badr Albusaidi said he was âhopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigationâ.
US president Donald Trump has warned Oman against co-operating with Iran, telling Fox News on August 17: âIf Oman gets in the way, weâll bomb the shit out of them.â The IRGC accused the US of seeking to obstruct Iranâs negotiations with Oman and said this had caused an agreement to be delayed.
âIf the United States stops obstructing and returns to the agreement, we can open the Strait of Hormuz within the framework of the agreement reached. If the United States does not accept our conditions, the Strait of Hormuz will not be opened under any circumstances,â Mr Mohebbi said.
Though active hostilities between the US and Iran have largely subsided in recent weeks, diplomatic efforts to reach a peace deal have stalled, and continuing attacks on ships mean passage through the Strait of Hormuz remains perilous. Iran announced a blacklist on Sunday of 45 ships in an apparent effort to stop ship-to-ship transfers used by Gulf energy producers to evade the Iranian blockade.
Some companies plan to stop using vessels added to the blacklist, sources said. In an effort to tighten pressure on Iranâs economy, the US has threatened to punish countries that continue to do business with Iran, but said it would not impose penalties immediately.
The sanctions did not feature Chinese financial institutions suspected of facilitating oil exports from Iran that the US blockade has cut. Iran denounced the US effort to isolate its economy as an act of âgross lawlessnessâ, expressing confidence that many countries would not join the pressure campaign.
Oil prices fell for a third day, dropping more than 1.5pc, following signs of renewed efforts to seek a mediated end to the war that began on February 28 with US and Israeli strikes on Iran. Secretary of state Marco Rubio told allies that the US did not expect to launch new strikes against Iran for now, and would instead focus on other means of pressure, Axios reported on Tuesday.
US public approval of the war has fallen to its lowest level since the conflictâs early days, and Mr Trumpâs popularity is likewise at a record low ahead of congressional elections in November, according to Reuters/Ipsos polling. Thousands of people have died in the conflict, most of them in Iran and Lebanon, while the U.
S. and Israel have degraded much of Iranâs conventional military capacity. The exact state of its nuclear programme, which the US and Israel aim to dismantle, remains unknown. Iranian army spokesman brigadier general Mohammad Akrami-Nia said new equipment had been delivered to combat units and fighting against two technologically advanced militaries had provided Iranâs forces with significant battlefield experience, according to comments carried on Wednesday by Iranâs Mehr News.