Bitcoin’s price has recovered above $65,000 following the announcement of a U.S.-Iran peace deal set to be signed on June 19, 2026. The agreement includes the opening of the Strait of Hormuz and an end to the U.S. naval blockade, which Pakistani Prime Minister Shehbaz Sharif stated will ensure “permanent termination of military operations on all fronts.” Analysts suggest the deal could lower oil prices and inflation, potentially influencing Federal Reserve policy and risk asset markets.
Bitcoin has shown a recovery after President Trump announced a peace deal with Iran. The agreement, scheduled for signing on Friday, June 19, 2026, promises a complete opening of the Strait of Hormuz and the immediate removal of the U.S. naval blockade.
Pakistani Prime Minister Shehbaz Sharif stated the deal ensures “permanent termination of military operations on all fronts,” including in Lebanon. Iran has also agreed to never develop a nuclear weapon, according to the announcement.
Bitcoin had previously declined from its all-time high of $126,080 in October 2025 due to geopolitical tensions. It faced further pressure in February with the commencement of the U.S.-Iran conflict, which impacted global energy markets.
The closure of the Strait of Hormuz led to a sudden shortage in global energy supplies, contributing to higher-than-anticipated inflation figures. Bitcoin briefly fell below $60,000 on June 6, 2026, following the release of elevated inflation data.
Bitcoin has since reclaimed the $65,000 price level following the peace deal announcement. Crude oil prices have already begun to decline in response to the news.
If oil prices remain low and the peace deal is successfully implemented, inflation is expected to cool. Lower inflation could lead the Federal Reserve to consider lowering interest rates, a scenario historically favorable for risk assets like Bitcoin.
