June 15, 2026 Bitcoin (BTC) is rising after the United States and Iran announced a preliminary agreement to end the war that began in February and reopen the Strait of Hormuz.
The news was confirmed by officials from both countries, Greatest diplomatic advance since the start of the war (February 28)which disrupted global energy markets for more than three months.
As reported by Reuters, the memorandum of understanding is expected to be signed in Switzerland next Friday. Although this is still a preliminary agreement, it contemplates a suspension of military operations and the reopening of the Strait of Hormuz, which was largely routed through pre-conflict shipping lanes. A quarter of the world’s oil is transported by sea, and almost 20% of global trade in liquefied natural gasdescribed by CriptoNoticias.
Lockdowns in place since February have reduced energy flows from the Middle East and raised inflation concerns in many countries.
Therefore, progress towards normalizing energy trade tends to be welcomed by markets. Reducing pressure on oil prices reduces the risk of inflation and improves the outlook for assets considered at risk.
The market reaction was immediate. Brent crude oil futures fell nearly 4% in early trading Monday. Meanwhile, BTC is trading above $65,500 at the time of publishing this article.
U.S. President Donald Trump celebrated the announcement via Truth Social, saying, “The agreement with the Islamic Republic of Iran is complete. Congratulations, everyone! I hereby fully authorize the free opening of the Strait of Hormuz, and at the same time authorize the immediate lifting of the U.S. naval blockade. Ships of the world, start your engines! Let the oil flow!”
He then added: “This great deal will bring peace and security to the entire region. Many presidents have tried to make peace with Iran, but all have failed before my eyes. For the first time, the leaders of this region have found a president who can help them achieve true peace.”
Negotiations are still pending
Despite initial optimism, the announced agreement did not include several central aspects of the conflict.
Under the agreement, during the 60-day ceasefire period, Issues related to Iran’s nuclear program, the lifting of economic sanctions and other regional issues will be negotiated.
Furthermore, Israel is not a direct party to the Memorandum of Understanding and maintains disagreements with the US government regarding the scope of its commitments related to Lebanon.
Israeli Defense Minister Yisrael Katz said the Israeli military would continue operations in certain safe zones in the region and warned that any Iranian aggression would be met militarily.
There are other factors that explain the market’s wariness. Proposals for detente and ceasefire have already been announced since the war began. After that, they either did not flourish or languished on earth.
So while the announcement is the most significant diplomatic advance since February, investors will continue to focus on the formal signing expected on Friday. This is because the promises undertaken by both parties begin to be effectively carried out.
(Tag Translate) Bitcoin (BTC)
