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A deal on the Strait of Hormuz and ceasefire extension could ripple through oil and crypto markets alike.
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President Trump posted on social media in early June that negotiations with Iran are “largely negotiated,” with a potential agreement taking shape that could include a ceasefire extension and the reopening of the Strait of Hormuz. The strait, one of the world’s most critical oil chokepoints, has been disrupted for months due to escalating tensions in the region.
The US-Iran negotiations have been unfolding across multiple rounds in 2026, with previous sessions held in Oman and Geneva. The core issues are familiar: sanctions relief on the Iranian side, nuclear program limits on the American side, and now the added dimension of a ceasefire extension tied to broader regional conflict involving Israel and Hezbollah.
