Iran’s Supreme National Security Council voted to approve a Memorandum of Understanding with the United States on June 15, 2026. The vote carried with over 75% approval among council members.
The MOU is designed to cease all military operations and hostilities, including those in Lebanon, and to lift the naval blockade on Iran. It’s set to be formally signed on June 19, 2026, following weeks of intensive negotiations that have been referred to as the Islamabad talks.
Crypto markets didn’t wait for the ink to dry. Bitcoin surged to a two-week high in the $64,000 to $65,000 range following the announcement, while Ethereum and XRP also posted gains.
What the deal actually covers
Both sides have committed to halting military operations immediately, with the cessation extending to proxy conflicts in Lebanon. The lifting of the naval blockade on Iran is perhaps the most economically significant provision, given its implications for the Strait of Hormuz, one of the world’s most critical oil transit chokepoints.
