President Trump announced that Iran’s Supreme Leader Mojtaba Khamenei has approved a deal with the United States, signaling that a formal signing is imminent. The agreement, if finalized, would lift the US naval blockade on Iranian ports and the Strait of Hormuz, one of the most critical shipping chokepoints on the planet.
Bitcoin and crypto markets responded with enthusiasm. Prices surged on the news, extending a pattern that has played out repeatedly throughout May as each new signal of a peaceful resolution sent risk assets higher.
What the deal includes
The framework agreement is built around several pillars. The most immediate: reopening the Strait of Hormuz, which has been under US naval blockade since April 13, 2026, following the collapse of the Islamabad talks during the broader 2026 Iran conflict.
Beyond the blockade lift, the deal reportedly includes a ceasefire extension and supervised disposal of enriched uranium.
