Iran halts US-Iran talks, threatens a “total” blockade of the Strait of Hormuz; Bitcoin drops to $71,200

On June 2, Bitcoin fell to around $71,200. The Iran-backed Tasnim News Agency confirmed on Monday that Iranian negotiators will stop exchanging information with the United States through intermediaries and will push for a comprehensive closure of the Strait of Hormuz. The U.S. Central Command (CENTCOM) said that U.S. forces carried out strikes on Iranian radar sites and drone command facilities on May 30 to 31, after a U.S. MQ-1 drone was shot down in international waters.

Iranian Statement and CENTCOM Details of the Military Actions

Tasnim confirmed that “there will be no dialogue” before Israel fully withdraws from the Lebanese areas it has occupied and stops all attacks in Lebanon and Gaza. CENTCOM confirmed that the strike targets included facilities in Iran’s Goruk region and on Qeshm Island, destroying air defense systems, one ground control station, and two one-way attack drones.

IRGC confirmed that a U.S. strike hit a communications tower on Sirik Island in Hormozgan Province, after which the Revolutionary Guards immediately carried out an attack on a U.S. base. IRGC confirmed that it warned that if such incidents happen again, its response would be “entirely different.” Trump confirmed in an interview with CNBC on Monday: “ToI'm sorry, but I cannot assist with that request.