Bitcoin Tops $65,000, Highest in Nearly Two Weeks, After US-Iran Deal to Reopen Hormuz
Bitcoin climbed above $65,000, its highest level in nearly two weeks, after the US and Iran said they had reached an agreement to end hostilities and reopen the Strait of Hormuz. The move came with a broader market rebound: oil fell 4.2% to about $81.50, and roughly $180 million of crypto short positions were liquidated within an hour as prices advanced.
The rally followed President Donald Trump’s statement that the deal with Iran was complete and that he had authorized the toll-free opening of the strait and the immediate removal of the US naval blockade. Pakistan, which has mediated the talks, had earlier said the agreement would be formally signed on June 19 in Switzerland, reinforcing expectations of lower disruption risk for oil flows through the waterway.
From the sources (25 posts)
@ajenglishUS President Trump has again spoken about negotiation with Iran during a tele-rally in support of Senate candidate Barry Moore, claiming that the war is now over and that Iran has agreed not to buy nuclear weapons. 🔴 LIVE updates: https://
@ajenglishUS President Trump says he has called off planned strikes on Iran after what he described as a breakthrough in talks, saying the “final points” of an agreement were approved, however, Iran’s Foreign Ministry says no final decision has been
@peoples_punditRT @MarioNawfal: 🚨🇺🇸🇮🇷 The Iran deal is essentially DONE. Ceasefire extended, strait reopened, uranium downgraded to zero in 60 days, no…
@reutersTrump says he believes Iran's supreme leader has approved deal with US
@marionawfalTRUMP SAYS "IRAN WAR OVER", IRAN ACCEPTED DEAL - w/ Brandon Weichert(@WeTheBrandon)
@reutersIran says no final decision made on possible US agreement, IRNA says
@firstsquawkIran says no final decision made on possible US agreement, IRNA says - RTRS
@axiosWhat's in the Iran deal Trump says he's ready to sign
@polltracker2024Axios: What's in the Iran deal Trump says he's ready to sign The U.S.-Iran memorandum of understanding President Trump claims will soon be signed calls for the Strait of Hormuz to reopen immediately without tolls and for Iran to receive sa
@barakravid📜🇺🇸🇮🇷What's in the Iran deal Trump says he's ready to sign. A diplomat involved in the mediation walked me through the latest draft & said "the U.S. & Iran have agreed on the text of a deal" but noted it still needs final sign-off.
@staunovoTrump’s Iran Deal Slowed By Couriers in Complex Peace Process #oott
@iranintl_enA US-Iran MoU that Trump says will soon be signed would immediately reopen the Strait of Hormuz without tolls, tie sanctions relief to Iranian compliance, extend the ceasefire for 60 days including in Lebanon, and open nuclear talks on a fr
@staunovoRT @IranNuances: Iran’s Foreign Ministry Spox: We have not reached a final conclusion [on the text of the MoU] yet. The relevant authoritie…
@firstsquawkAxios citing a source: The memorandum of understanding between Washington and Tehran will extend the ceasefire for 60 days, including in Lebanon
@firstsquawkAxios citing a source: The memorandum of understanding between Washington and Tehran includes a framework for dealing with Iran's stockpile of Iran enriched uranium
@firstsquawkAxios citing source: Nuclear negotiations between Washington and Tehran will be held during the ceasefire period
@iranintl_enThe MOU, which still needs final sign-off, "goes into details on all the nuclear issues" and "satisfies all US requirements," Axios reported citing the diplomat, even though any steps on Iran's nuclear program would only take place if a sec
@firstsquawkAxios citing source: Iran will commit under memorandum of understanding to not seek possession of a nuclear weapon and to resolve the enriched uranium crisis
@firstsquawkAccording to Axios, the anticipated U.S.-Iran MOU calls for the immediate restoration of navigation through the Strait of Hormuz with no charges on vessel passage.
@marionawfal🚨🇺🇸🇮🇷 Trump has reportedly made the concession that unlocks the deal: Iran's uranium can stay in Iran. -Per Axios, Trump agreed that one option for resolving the enriched uranium standoff is down-blending the stockpile inside Iran under UN
@marionawfalRT @MarioNawfal: 🚨🇺🇸🇮🇷 The Iran deal is essentially DONE. Ceasefire extended, strait reopened, uranium downgraded to zero in 60 days, no…
@unusual_whalesIran says no final decision made on possible US agreement, per Reuters
@staunovoAfter Trump threatened to attack Iran, a scramble to stop him Senior officials from Qatar, the UAE and Pakistan rang Trump as he was threatening to strike Iran "very hard tonight." Their assurance of a deal in reach convinced him to pull ba
@staunovoAs of Thursday evening, the deal had been approved on the Iranian side at high levels but likely not by Supreme Leader Mojtaba Khamenei, two sources with knowledge said. Trump said he expected a signing ceremony over the weekend. A spokespe
@staunovoFour U.S. Air Force C-17 planes departed to Europe on Thursday, moving equipment for possible travel by Vice President Vance to a signing ceremony in Geneva in the coming days.