President Donald Trump is pitching a phased Iran deal that reads less like a grand bargain and more like a to-do list with escalating rewards. The framework centers on a 60-day ceasefire, the reopening of the Strait of Hormuz, and a graduated path toward sanctions relief, all contingent on Iran meeting specific US demands around its nuclear program.
The crypto angle might seem tangential, but it’s not. On June 2, the US Treasury sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other platforms. That move happened less than two weeks before Trump claimed progress on the broader deal, underscoring how digital finance has become another pressure lever in geopolitical negotiations.
What the deal actually proposes
The core of the framework is sequential. Iran gets nothing upfront. Instead, milestones unlock benefits.
Step one: a 60-day ceasefire that takes effect immediately, with the Strait of Hormuz reopening to unrestricted commercial shipping within 30 days if Iran complies. The US would simultaneously lift its naval blockade on Iranian ports.
