President Donald Trump touched down in France for the G7 Summit in Évian on June 15, carrying what might be his biggest foreign policy card yet: a freshly announced peace agreement with Iran. The deal, if it holds, would end a military conflict that has stretched 106 days and choked off one of the most important shipping lanes on the planet.
Bitcoin responded almost immediately, pushing past $66,000 as traders digested the implications. Oil prices, meanwhile, dropped roughly 5%.
What the deal actually covers
The agreement centers on two immediate actions: ending the US naval blockade of Iranian ports and reopening the Strait of Hormuz. Nearly 20% of the world’s oil trade passes through it, making it one of those geographic chokepoints that can single-handedly move global commodity prices.
Beyond the immediate cessation of hostilities, the pact establishes a 60-day framework for nuclear negotiations between the US and Iran.
