The United States and Iran announced a memorandum of understanding on June 14 aimed at permanently halting military operations between the two nations, drawing swift praise from Middle Eastern leaders and a noticeable uptick in crypto markets.
Bitcoin climbed toward $64,000 as traders priced in the geopolitical thaw.
What the deal actually says
The MOU, endorsed by US President Donald Trump and Iranian diplomats, outlines several concrete measures. Chief among them: lifting the US naval blockade on Iranian ports and reopening the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world’s oil supply passes on any given day.
A formal signing ceremony is scheduled for June 19 in Switzerland. The agreement follows four months of escalating conflict that began in late February 2026.
