Trump Iran peace pact lifts Bitcoin and sinks oil
Donald Trump said a peace agreement between the United States and Iran has been finalised and is scheduled to be signed in Switzerland on June 19, triggering immediate moves across cryptocurrency, commodities and global financial markets.
Bitcoin climbed to about $65,300 following the announcement as investors shifted towards risk assets amid expectations that tensions surrounding the Strait of Hormuz and wider Middle East conflicts could ease.
“The deal with Iran is complete. Signing scheduled for June 19. Peace achieved!”
Trump said, according to widely circulated messages following the announcement.
The agreement is intended to end ongoing military operations, including hostilities involving Lebanon and concerns over maritime security in the Strait of Hormuz, with mediation support from Pakistan, Qatar, Saudi Arabia and Turkey.
“I hereby fully authorise the toll free opening of the Strait of Hormuz… let the oil flow,”
Trump said.
Pakistani Prime Minister Shehbaz Sharif said:
“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon. The official signing ceremony will be on Friday, 19 June in Switzerland.”
Oil posted the sharpest reaction to the development, with WTI crude falling 4.57% to $81 per barrel and Brent crude declining 3.64% to $84.15 as traders priced in the prospect of stabilised energy supplies and increased Iranian exports.
The proposed agreement also includes verification measures, discussions around partial sanctions relief and a timetable for technical negotiations concerning Iran’s nuclear programme, while Israel has reportedly expressed reservations despite the ceasefire covering Hezbollah operations in Lebanon.
Gold traded around $4,300 per ounce following the announcement, with analysts noting that the precious metal could face further pressure if geopolitical risks continue to diminish and investors rotate into higher-risk assets.
Economists said successful implementation of the accord could help moderate global inflation pressures and support economic growth through 2026 and 2027, although compliance and verification mechanisms will be critical to the deal’s long-term durability.
At the time of reporting, Bitcoin price was $65,349.77.
