Crypto Adds $60B As Trump Announces Iran Deal

Trump Declares Iran Deal Complete

The crypto market added roughly $60 billion in total value on June 14, 2026, after US President Donald Trump declared a deal with Iran complete. In a Truth Social post, Trump announced the immediate lifting of the US naval blockade on the Strait of Hormuz, writing that he had "fully authorize[d] the toll free opening of the Strait of Hormuz" and the "immediate removal of the United States Naval blockade."

The deal also includes verification mechanisms, a partial lifting of sanctions, and a framework for technical negotiations on Iran's nuclear program. The official signing ceremony is scheduled for Friday, June 19 in Switzerland.

The Strait of Hormuz handles an estimated 20 to 25% of global seaborne oil trade, making its reopening one of the most consequential geopolitical developments of the year for energy and financial markets alike. WTI crude fell roughly 3.2% to $84.88 per barrel, and Brent dropped 3.4% to $87.33 on reduced supply risk.

Bitcoin Rises, Worldcoin Leads Crypto Gains

Bitcoin climbed above $65,000 on the peace signal, tapping an intraday high of $65,641. That represented a roughly 2% gain on the day. Worldcoin $WLD led major tokens with a 16% jump, outpacing the broader market rally.

For crypto, the deal removes a sustained source of geopolitical uncertainty that had weighed on sentiment since late February. The conflict escalated on February 28, 2026, when the US and Israel launched coordinated strikes on Iranian military and nuclear sites. Bitcoin had shown consistent sensitivity throughout the conflict, pulling back on escalations and recovering on progress toward peace.

Investors are now anticipating stabilization in the Strait of Hormuz and a gradual recovery of Iranian production and exports, meaning oil prices could face additional downward pressure in the short term if the ceasefire holds. A sustained easing of energy costs would reduce inflationary pressures that have weighed on risk assets for months, potentially giving crypto further room to recover.

Sources:
BeInCrypto: Donald Trump: Deal With Iran is Complete
Bitcoin.com News: Trump Declares Iran Deal Done, Reopens Strait of Hormuz
TheStreet Crypto: Markets React After Trump Says Strait of Hormuz Blockade Will Be Lifted