Earn with Nexo
Trump announces peace agreement negotiated with Iran and Middle Eastern nations
Bitcoin surged past $71K as the president declared the US and Iran were 'very far along' on a definitive deal, with proposals covering the Strait of Hormuz, troop withdrawals, and sanctions relief.
President Trump announced that the US, Iran, and a group of Middle Eastern countries have largely negotiated a peace agreement, a development that immediately rippled through crypto markets. Bitcoin jumped above $71,000 on the news.
Trump described the two nations as being “very far along” on what he called a “definitive” peace arrangement. A two-week ceasefire has been announced to keep talks moving forward, with US military operations against Iran paused during that window.
What’s actually on the table
Iran submitted concrete proposals through Pakistan that touch on several major flashpoints.
The reopening of the Strait of Hormuz sits at the top of the list. For context, roughly 20% of the world’s oil passes through that narrow waterway.
US troop withdrawals from the region are also part of the discussion, along with sanctions relief for Iran and compensatory reparations for war damages.
The negotiations trace back to April 2025, when Trump sent a letter directly to Iranian Supreme Leader Ali Khamenei. That correspondence kicked off a back-channel dialogue that has evolved into the multi-party talks now approaching what both sides characterize as a near-final stage.
US-Iran relations have been in various states of deterioration since 2018, when the US withdrew from the 2015 Joint Comprehensive Plan of Action, better known as the Iran nuclear deal.
How crypto markets reacted
Bitcoin’s surge past $71,000 was the most visible market response. Ether also climbed, rising as much as 9% on earlier related ceasefire news.
No specific crypto protocols or tokens have any direct connection to these diplomatic movements. The price action is purely sentiment-driven, which means it can reverse just as quickly if talks stall or collapse.
What this means for investors
The two-week ceasefire window creates a defined timeline that markets will watch closely.
The Strait of Hormuz angle deserves particular attention. If that shipping lane is formally secured as part of a deal, the reduction in global energy risk premium could be substantial. Lower energy costs feed into lower inflation expectations, which feed into expectations for easier monetary policy, which feed into higher crypto prices.