Trump Asserts Iran Deal Will Hold Amid Ongoing Lebanon Conflict

US President Donald Trump stated that the preliminary deal between the US and Iran will hold despite ongoing Israeli military operations in Lebanon. Speaking from the G7 summit in Évian-les-Bains, France, Trump said 'It can' when asked if the agreement could survive escalating conflict in the region.

The memorandum of understanding (MoU) includes provisions for cessation of hostilities with specific references to Lebanon, the lifting of the US naval blockade, and a framework for sanctions relief discussions. The core objective is preventing Iran from acquiring nuclear weapons, with an additional 60-day window carved out for further nuclear negotiations.

Digital signatures have already been affixed by Trump, Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Ghalibaf. A formal signing ceremony is scheduled to take place in Geneva, facilitated by Pakistan's key mediating role in bringing both sides to the table.

Trump also criticized Israeli Prime Minister Netanyahu, asserting that the Iran deal functions independently of Israeli activities in Lebanon. The Strait of Hormuz, a chokepoint through which approximately 20% of global oil shipments pass, is set to become 'permanently toll-free' by June 19 under the agreement.

The implications for crypto markets are significant, as tensions earlier this year led to a $1 billion liquidation event in May, with Bitcoin dropping below $73,000. Iran's cryptocurrency economy is estimated at approximately $7.8 billion, and Tehran has increasingly demanded payments for transit fees in Bitcoin and stablecoins.