President Donald Trump declared a framework agreement with Iran complete over the weekend, capping a conflict that has roiled global markets since March 2025. The memorandum of understanding is set to be formally signed on June 19 in Switzerland, marking one of the most consequential geopolitical developments of 2026.
Markets didn’t wait for the ink. Bitcoin jumped past $66,000 on the news, while WTI crude oil prices fell as much as 5%.
What the deal actually covers
The agreement, structured as a memorandum of understanding rather than a binding treaty, focuses on immediate de-escalation. The two headline items are the reopening of the Strait of Hormuz and the removal of the US naval blockade that has disrupted one of the world’s most critical shipping lanes for months.
The MoU opens a 60-day window for technical negotiations on the issues that actually matter most, including Iran’s nuclear program and the future of US sanctions.
