- Reports of a Trump-brokered U.S.-Iran peace deal pushed Bitcoin to around US$65,300, with traders betting on lower geopolitical risk.
- WTI crude fell roughly 3% to about US$87.33 a barrel on hopes the Strait of Hormuz would reopen, reversing last week’s war-driven spike.
- The agreement’s terms and reported June 19 signing remain unconfirmed, leaving markets exposed if the deal fails to materialise.
Reports of a US-Iran peace agreement brokered by President Donald Trump fuelled a wave of market optimism this week, lifting Bitcoin (BTC) and pressuring oil even as the deal’s terms and timing remained unconfirmed.
Bitcoin climbed to around US$65,300 (AU$92,700), rising roughly 1.26% as traders priced in reduced geopolitical risk and the prospect of the Strait of Hormuz reopening.
The move extended a rebound that had held firm even during last week’s escalation, when Iran closed the strait and crude briefly spiked above US$91 (AU$129) a barrel.
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Markets Price In De-escalation
Oil reacted most sharply, with WTI crude falling roughly 3% to about US$87.33 (AU$124) a barrel as the geopolitical risk premium drained away. Gold lost ground for the same reason, slipping as the rush to safe-haven assets reversed.
Reports describe a deal that would include a 60-day ceasefire extension, a reopening of the Strait of Hormuz allowing Iran to sell oil freely, sanctions relief, and negotiations over Iran’s nuclear program, with talks said to be mediated by Pakistan and Qatar. A signing has been reported for June 19.
But the picture is far from settled. Trump publicly disputed leaked ceasefire terms as untrue, and other accounts described the two sides as close to an agreement while cautioning that significant questions remain.
The gap between market enthusiasm and the deal’s unconfirmed status leaves risk assets exposed. Economists suggested that a durable agreement could stabilise energy prices, ease global inflation, and support growth into 2027, but those projections hinge entirely on terms that have not been verified.
Normally, a lasting peace could rotate capital toward speculative assets by lowering risk aversion across global markets, a dynamic that would favour Bitcoin if the de-escalation holds.
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