- Iran and the US reportedly have a Memorandum of Understanding already in place.
- President Donald Trump is expected to sign the agreement over the weekend.
- Bitcoin users are curious about how the cryptocurrency will respond to the agreement.
According to reports, a memorandum of understanding (MoU) between the US and Iran is in place and ready for US President Donald Trump to sign. The MoU includes the unblocking of the Strait of Hormuz, the lifting of sanctions on Oil sales, and a 60-day ceasefire agreement.
Details of the MoU
The report confirms that no transit fees will be charged to access the Strait of Hormuz, and Iran would have to comply with certain conditions for the easing of sanctions imposed on its government.
Meanwhile, the 60-day ceasefire will include Lebanon, and it will afford the warring parties time to negotiate on Iran’s nuclear program. A section of the MoU contains a framework for resolving the issue of Iran’s enriched uranium. However, actions on the nuclear program proper would depend on a second, more detailed agreement.
Although sources close to the negotiations believe the agreement could be signed this weekend, previous rounds of talks have also appeared close to completion before ultimately breaking down. In the meantime, a spokesperson for the Iranian Foreign Ministry has said that Tehran “has not yet reached a final decision.”
The proposed MoU demands certain obligations from Iran, particularly regarding its nuclear program. The country is required never to possess nuclear weapons and to resolve the standoff over its enriched uranium by downblending it inside the country under the supervision of UN inspectors.
How Will Bitcoin Respond?
Following the latest development, most analysts are curious about the potential effect of the MoU on the war and how the global economy will respond. Bitcoin users also appear keenly interested in the situation, questioning whether the agreement will boost demand and return it to the top 10 global market cap assets.
Bitcoin currently ranks 15th among global assets by market capitalization, according to TradingView data. That is 10 places below its peak ranking of fifth place, achieved in mid-2025 when its market capitalization reached approximately $2.45 trillion. Bitcoin’s market cap currently stands at $1.27 trillion, up 7.68% from a recent low of $1.18 trillion.
Related: Iran Announces Complete Closure of Strait of Hormuz amid US Attacks
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