The US and Iran have reached an interim agreement that could reshape Middle Eastern geopolitics, global energy markets, and the regulatory landscape for crypto tied to sanctioned entities. President Donald Trump unveiled the details of a 14-point memorandum of understanding that, if fully executed, would go further than any prior US-Iran diplomatic framework in modern history.
The deal was agreed electronically around June 15, with a formal signing set for June 19 in Switzerland. And while Trump framed it as conditional on Iranian compliance, the scope of what’s on the table is staggering.
What’s actually in the deal
The memorandum addresses the fallout from a months-long conflict that escalated sharply after US and Israeli strikes on Iranian nuclear facilities in February 2026. At its core, the agreement mandates two simultaneous actions upon signing: Iran reopens the Strait of Hormuz for free oil transport, and the US lifts its naval blockade on Iranian ports.
From there, Iran would be allowed to sell oil and fuel freely, with sanctions on banking, transport, and insurance wiped away.
