After four months of fighting, the US and Iran have reached a tentative interim agreement that could reshape both global energy markets and the crypto landscape. The deal, brokered in part by Pakistan, is set for an official signing in Switzerland around June 19.
Bitcoin responded by climbing above $65,000, rising roughly 2-4% on the announcement.
What’s in the deal
The Strait of Hormuz, one of the world’s most critical oil chokepoints, will be reopened to allow free passage of oil and goods.
The agreement establishes a 60-day negotiation window for addressing Iran’s nuclear program. That window is extendable.
