The United States and Iran signed a 14-point memorandum of understanding on June 15, effectively ending hostilities and reopening one of the most critical chokepoints in global trade. The agreement, known as the Islamabad Memorandum of Understanding, addresses the Strait of Hormuz directly, mandating the restoration of commercial shipping traffic and lifting the US naval blockade of Iranian ports.
For crypto markets, the signal was immediate. Bitcoin prices climbed following the public release of the MoU text on June 17, while oil prices moved in the opposite direction.
What the deal actually says
The immediate provisions are concrete. The US naval blockade of Iranian ports lifts upon signing. Iran must restore pre-war shipping volumes through the Strait of Hormuz within 30 days. Commercial vessels get toll-free passage for at least 60 days after traffic volumes return to normal.
On the military side, the agreement calls for the immediate and permanent termination of operations on all fronts, including Lebanon.
