President Donald Trump announced that the memorandum of understanding reached with Iran is not a final agreement, warning that the United States will resume military operations if the terms fall apart. The threat came just days after negotiations wrapped up on June 15, casting a shadow over what had initially looked like a meaningful de-escalation.
Bitcoin didn’t seem to care about the caveats. The asset climbed into a trading range between $63,000 and $67,000 as markets interpreted the MOU as a net positive for global risk appetite, even with Trump’s explicit caveat that bombs could start falling again.
What the MOU actually covers
The preliminary deal, hammered out during negotiations from June 13 to June 15, touches on several flashpoints that have kept energy markets and geopolitical risk traders on edge. It calls for a cessation of military operations in the region, the lifting of the US naval blockade on Iranian ports, and the reopening of the Strait of Hormuz for commercial shipping.
A 60-day ceasefire is baked into the agreement, providing a window for further negotiations on Iran’s nuclear program and potential sanctions relief. Formal signing is expected around June 19, potentially in Switzerland.
