President Trump signed an interim agreement with Iran on June 18, 2026, aimed at cooling tensions that began with US airstrikes in late February. But the diplomatic handshake came with a very explicit caveat: comply, or the military option is back on the table.
The memorandum of understanding gives both sides a 60-day window to finalize a nuclear deal. Iran has agreed to begin diluting its enriched uranium stockpile, while the US partially waives sanctions to let Iranian oil flow back into global markets.
The crypto front of the Iran standoff
On May 29, 2026, Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian crypto assets.
The seizure followed a June 2 sanctions action against Nobitex, described as Iran’s leading digital asset exchange. Nobitex reportedly handled more than half of Iran’s digital asset transactions in the year prior to the sanctions designation.
