The White House has formally provided Congress with a copy of the interim agreement between the United States and Iran, a 14-point memorandum of understanding signed by President Donald Trump and Iranian President Masoud Pezeshkian on June 17, 2026. The deal, which covers everything from a ceasefire extension to the reopening of the Strait of Hormuz, has already triggered significant moves across global markets.
Bitcoin responded by climbing above $82,000, hitting a three-month high. Oil prices, meanwhile, dropped roughly 5% on expectations that lifted sanctions would bring more Iranian crude onto the market.
What’s actually in the deal
The agreement spans 14 key points, but the big ones boil down to three pillars: military de-escalation, energy market normalization, and a framework for nuclear talks.
On the military side, the deal extends a ceasefire between the two nations, which had seen tensions escalate into direct conflict earlier in 2026. The Strait of Hormuz, a chokepoint through which roughly a fifth of the world’s oil supply passes, is being reopened under the terms of the agreement.
