Iranian official begins meeting with mediators in Pakistan as an interim deal with the US is unraveling

An Iranian official has started meetings with mediators in Pakistan following the collapse of an interim deal with the US in mid-July. This diplomatic move follows the unraveling of the agreement, which has disrupted the Strait of Hormuz. Consequently, crypto markets are monitoring the resulting ripple effects. Reports indicate a diplomatic meeting may occur by August 31, 2026, as Iran seeks mediation to address the instability caused by the failed US-Iran deal.