President Trump declared on Tuesday that the preliminary deal between the US and Iran will hold, even as Israeli military operations in Lebanon continue. Speaking from the G7 summit in Évian-les-Bains, France, Trump was blunt when asked whether the agreement could survive escalating conflict in the region.
“It can,” Trump said.
The memorandum of understanding between Washington and Tehran is designed to end hostilities, lift the US naval blockade on Iranian ports, and reopen the Strait of Hormuz to toll-free traffic by June 19. For crypto markets, which took a beating during the worst of the tensions earlier this year, the deal represents a potential inflection point for risk sentiment globally.
What the deal actually covers
The MoU goes beyond a simple ceasefire. It includes provisions for cessation of hostilities with specific references to Lebanon, the lifting of the US blockade, and a framework for sanctions relief discussions. The core objective, according to Trump, is preventing Iran from acquiring nuclear weapons, with an additional 60-day window carved out for further nuclear negotiations.
