American and Iranian negotiators have finalized a draft memorandum of understanding aimed at ending hostilities in the Middle East, a diplomatic development that sent Bitcoin up roughly 3% as markets priced in the possibility of eased sanctions and reduced geopolitical risk.
The one-page document, finalized around June 12-13, 2026, was announced by Pakistani Prime Minister Shehbaz Sharif and Iranian Foreign Minister Abbas Araghchi. It covers the reopening of the Strait of Hormuz, the lifting of US naval blockades on Iranian ports, the release of seized Iranian assets, and the beginning of formal discussions on Iran’s nuclear program.
What the memorandum actually says
The MOU includes a 30-to-60-day window for follow-up negotiations on Iran’s nuclear program and potential sanctions relief. Reopening the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world’s oil supply passes, would be a major de-escalation. Lifting US naval blockades on Iranian ports and releasing seized Iranian assets represent concrete economic concessions.
The document may be signed remotely in the near term, though final approvals from both governments are still pending.
