The Iran-U.S. ceasefire talks may be torn apart! Iran warns Israel: If it continues its relentless shelling of Lebanon, it will “fully withdraw from the ceasefire agreement.” Bitcoin immediately drops below $71,000.

According to Iran’s semi-official media, Tasnim News Agency, as Israel continues its fierce bombardment of Lebanon, Iran has strongly warned that it will withdraw from the two-week ceasefire agreement reached with the United States, and has already identified targets in Israel in preparation for retaliation. The geopolitical situation has taken a sharp turn for the worse, and risk-avoidance sentiment in the market has heated up. In the short term, Bitcoin has fallen below $71,000, while Ethereum has slipped to around $2,200.
（Background recap: Trump wields a 50% tariff threat to warn “those who provide military aid to Iran”! It confirms that the U.S.-Iran ceasefire will have sanctions lifted through negotiations.）
（Additional background: Iran announced a “historic victory” with 10 conditions: for the U.S. to withdraw troops, lift sanctions, and recognize Hormuz’s control rights）

The dawn of peace in the Middle East only lasted for less than 24 hours before it once again faced a rupture crisis. U.S. President Donald Trump had just, on the evening of April 7, announced a two-week, conditional ceasefire agreement with Iran to buy time for the 10-day Islamic Islamabad peace talks; however, the fierce exchanges of fire along the Israel-Lebanon front are pushing this fragile agreement to the brink.

BREAKING: The passage of oil tankers through the Strait of Hormuz has been stopped, per Iran’s Fars News Agency.

Iran says it will withdraw from the ceasefire if Israel continues attacks on Lebanon and it is preparing potential responses.

— The Kobeissi Letter (@KobeissiLetter) April 8, 2026

Israel launches heavy bombardment of Lebanon; Iran fumes and threatens to withdraw from the ceasefire

According to Tasnim News Agency (Tasnim News Agency), which is closely related to Iran’s Islamic Revolutionary Guard Corps, the report says that insiders revealed that Iran regards Israel’s ongoing attacks on Lebanon on Wednesday (the 8th) as an “open violation of the ceasefire terms.” Iran’s official strong warning is that if Israel does not stop its actions, Iran will fully withdraw from the ceasefire agreement with the United States and will make a forceful response “across all fronts.”

The key factor driving the agreement toward collapse lies in the severe disagreement between the two sides over the “scope of the ceasefire.” Among Iran’s 10-point peace proposal, it explicitly calls for stopping all fronts, including those involving Lebanon; but the camp of Israel’s Prime Minister Benjamin Netanyahu insists on a “separated fronts” strategy, stating that it will only support a pause in strikes on Iran’s homeland and will never include Hezbollah in Lebanon.

Risk-avoidance sentiment heats up; crypto market slumps

As the situation in the Middle East takes a sharp turn for the worse within hours, panic sentiment rapidly spreads across global risk-asset markets. The crypto market is hit first. Bitcoin (BTC), which had climbed above $72,000 thanks to the ceasefire agreement, faces heavy sell pressure, rapidly dumping in the short term and breaking below the $71,000 level; the second-largest cryptocurrency, Ethereum (ETH), is also not spared, with its price sliding all the way to around $2,200.