Iran-US Peace Talks Send Bitcoin Soaring to Two-Week High

The Supreme National Security Council of Iran has approved a Memorandum of Understanding (MOU) with the United States, paving the way for formal talks on June 19, 2026. The council voted in favor of the agreement with an overwhelming majority, exceeding 75%. The MOU is designed to cease all military operations and hostilities, including those in Lebanon, and lift the naval blockade on Iran.

Bitcoin has surged to a two-week high following the announcement, reaching the $64,000-$65,000 range. Ethereum and XRP have also posted gains as the broader crypto market absorbs the news. The optimism is driven by the potential lifting of the naval blockade on Iran, which would stabilize oil prices and reduce inflation fears.

The MOU itself is a framework, not a final peace agreement. It's set to be formally signed on June 19, with reports pointing to a 12-point structure that lays the groundwork for more comprehensive negotiations within 60 days of signing.