The US and Iran have agreed to a framework peace deal, and global markets are reacting exactly how you’d expect. Oil is tanking, risk assets are climbing, and traders everywhere are recalculating their positions.
Brent crude fell nearly 5% to approximately $83 per barrel following the announcement on June 14. Bitcoin, meanwhile, surged to above $65,500, its highest level in roughly two weeks.
What the deal actually includes
The memorandum of understanding between the US and Iran establishes a 60-day ceasefire, ending hostilities that began in February 2026. The framework was brokered with Pakistan serving as mediator, and a formal signing is anticipated in Switzerland on June 19.
Here’s what’s in it: the Strait of Hormuz reopens for shipping, the US naval blockade on Iranian ports gets lifted, and both sides commit to a roadmap for future negotiations. Here’s what’s notably not in it: anything about Iran’s nuclear program.
