President Trump announced on June 12 that Mideast allies have established parameters for a deal to end the Iran war, with a delay of US military strikes as a goodwill gesture. Pakistan, the primary mediator in the conflict, will facilitate the signing of a Memorandum of Understanding in Islamabad on June 17, establishing a 60-day negotiation window for final peace terms. Iran has already pushed back on characterizations that any binding agreement exists, creating uncertainty about the process. Iran began accepting Bitcoin for transit tolls in the Strait of Hormuz in March 2026, and this system would be suspended during the 60-day negotiation period. Bitcoin has shown notable correlation with oil price movements throughout this conflict, with traders using oil futures as a leading indicator for short-term Bitcoin moves.
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