President Trump announced on June 11 that the US and Iran were approaching what he called a “great settlement,” with official documents reportedly in their final stages and a signing ceremony potentially days away. The crypto market had already started pricing in the optimism, with Bitcoin climbing to around $77,000 on the back of de-escalation signals.
Here’s the thing, though: Iran hasn’t exactly confirmed any of this. Tehran’s foreign ministry spokesperson characterized the reports as speculation, stating that no agreement has been finalized and that key issues remain unresolved.
What the deal reportedly includes
The framework under discussion is believed to center on two major pillars. First, preventing Iran from acquiring nuclear weapons. Second, reopening vital shipping lanes, most notably the Strait of Hormuz, which serves as the chokepoint for roughly a fifth of the world’s oil supply.
The deal framework also reportedly includes a 60-day ceasefire extension, building on earlier diplomatic groundwork. Trump confirmed the cancellation of planned military strikes and suggested that key Iranian leaders had agreed to terms. Negotiations have involved mediation by Pakistan and Qatar, with diplomatic channels open since February 2026.
