The United States and Iran are expected to sign a memorandum of understanding on June 19 at Switzerland’s Burgenstock resort, a development that would mark the most significant diplomatic breakthrough between the two nations in decades.

The 14-point draft MOU covers an immediate ceasefire, the reopening of the Strait of Hormuz to toll-free shipping, and the lifting of the US naval blockade on Iranian ports. It also establishes a 60-day negotiation window focused on Iran’s nuclear program, with potential sanctions relief tied to inspection measures.

What’s in the deal

The fighting traces back to US-Israeli strikes around February 28, 2026, which triggered an escalating cycle of military responses across the Middle East.

The Strait of Hormuz, a narrow waterway through which roughly a fifth of the world’s oil supply passes on any given day, has been a flashpoint throughout the conflict.

Pakistan and Qatar served as mediators in the negotiations.

The formal signing at Burgenstock is expected to follow a digital signature process by key leaders, including US President Donald Trump and Vice President JD Vance alongside Iranian officials, anticipated around June 14-15.

The 60-day nuclear negotiation window establishes the framework for talks, but the substance of any nuclear agreement—inspection regimes, enrichment limits, sanctions timelines—all remains unresolved.

Markets are already pricing in de-escalation

Bitcoin climbed to between $65,000 and $65,800 following news of the impending agreement, reaching its highest level in two weeks.

Oil prices softened in tandem. The reopening of the Strait of Hormuz and the end of the naval blockade directly address supply constraints that have kept crude elevated.

What this means for crypto investors

The risk is that the MOU doesn’t hold. A 14-point memorandum of understanding is not a binding treaty. The 60-day nuclear negotiation window introduces a clear deadline by which optimism could sour if talks stall.