US and Iran Sign Interim Peace Deal Amid Crypto Asset Reversal

The United States and Iran are set to sign an interim peace agreement in Geneva on June 19, 2026, marking the first concrete step towards de-escalation since US-Israeli strikes against Iran began on February 28.

The deal, brokered with Pakistani mediation, stops the shooting and reopens the Strait of Hormuz, one of the most strategically important chokepoints on Earth. The closure of the waterway during the conflict sent energy prices spiraling.

The interim agreement effectively reached around June 14 will be followed by a 60-day negotiation phase to address Iran's nuclear program and sanctions relief. US President Donald Trump and Iranian officials have signaled progress on these matters, though details remain subject to technical talks.

The deal includes approximately $1 billion in seized Iranian crypto assets, which are now a bargaining chip in the next phase of negotiations. This could reshape sanctions policy for years to come.