A preliminary US-Iran deal signals ceasefire progress, easing oil market tensions and reopening key trade routes, though major geopolitical uncertainties remain.

Pakistan announces a final US-Iran MOU draft with signing expected June 14. Bitcoin and crypto markets react to ceasefire and Strait of Hormuz developments.

The Hormuz ceasefire calmed markets fast, but Iran gained leverage, Israel lost tempo, and the Gulf faces a bigger resilience bill. What each actor actually won.

Promise of US Iran deal, a big relief