Yi Li Hua: Bullish on the Future, No Reason to Take Profit Yet

Mehdi Tabatabai, deputy director of news and communication at Iran’s presidential office, said April 17 local time that Iran’s conditional, limited opening of a section of the Strait of Hormuz is a proactive step. In a social media post the same day, Tabatabai noted the move reflects Iran’s responsible stance and serves as a test of whether relevant parties will honor their commitments. He warned that any party violating those commitments would “reap what they sow.”

April 17 — President Trump said in a Friday phone interview that Iran has agreed to indefinitely suspend its nuclear program and will not receive any unfrozen U.S. funds. Trump noted the agreement to end the U.S.-Israel-Iran conflict (which began in late February) is now largely finalized. Negotiations for a permanent deal “may” occur over the weekend, he added: “Most key points are settled. This will move very quickly.” Iran has not commented on any agreement beyond the Strait of Hormuz reopening, nor has it addressed Trump’s Thursday claim that Iran made concessions — including on its nuclear program, a key issue. Trump said he has not yet decided who will lead the U.S. delegation for negotiations with Iranian officials to sign the deal. When asked if he would travel to Pakistan, Trump replied: “I might.” He also denied that Iran’s nuclear program suspension would expire after 20 years. Asked if the program would end entirely, Trump said: “No timeline — indefinite.”

Per HTX market data, ORDI has plummeted more than 25% in the past 24 hours as of April 17th, pushing its market cap down to $125 million.

April 17 (Wednesday) — U.S. President Donald Trump said the U.S. will not unfreeze Iranian funds. Most key points have been agreed on in negotiations, as the sides aim to finalize a deal.

April 17th — Reuters reports that former President Donald Trump stated the U.S. is working with Iran to clear mines in the Strait of Hormuz, aiming to restore shipping security. Trump also noted the U.S. intends to "calmly push forward" with retrieving Iran’s enriched uranium and transporting associated nuclear materials back to the U.S. for disposal, calling this a key component of a potential agreement. Additionally, he stressed any possible deal with Iran "will not involve fund transfers," indicating the arrangement would likely center on resource and security measures rather than direct economic exchanges.

On April 17, U.S. President Donald Trump said the U.S. will keep blockading the Strait of Hormuz until it reaches an agreement with Iran. Earlier, Iranian officials threatened that if the U.S. Navy continues its blockade, Tehran will view it as a violation of the ceasefire agreement and close the strait.