The US and Iran announced a framework agreement on June 14 to end more than three months of military conflict in the Gulf region. Crypto markets didn’t wait for the ink to dry.
By June 15, Bitcoin had climbed 3.4% to roughly $66,483, while Ethereum jumped 6.6% to approximately $1,778. XRP posted an 8.8% gain to around $1.24, and Solana rose 7.5% to about $72.84.
What the deal actually covers
The agreement, announced jointly by President Donald Trump and Iranian officials, establishes the terms for ending hostilities that began on February 28, 2026. A formal signing is scheduled for June 19 in Switzerland, and the deal is structured as a memorandum of understanding rather than a comprehensive treaty.
The centerpiece is the reopening of the Strait of Hormuz to commercial shipping. The US imposed a naval blockade on Iranian ports on April 13, and while the administration has authorized lifting that blockade, it technically remains in effect until the MOU is signed.
