Bitcoin rose and approached the $65,000 level after Pakistani Prime Minister Shehbaz Sharif confirmed the peace agreement between the United States and Iran. He even revealed the date and location of the signing.
Bitcoin rises as the Pakistani Prime Minister announces the date of signing the peace agreement between the United States and Iran
the Bitcoin price It fell earlier due to uncertainty over the conflict in the Middle East and the continuation of negotiations between the United States and Iran. At the time, Bitcoin fell below $63,400 in response to rising tensions between Israel, Hezbollah, and Iran.
The sentiments surfaced later after Pakistani Prime Minister Shehbaz Sharif Announce The United States and Iran reached a peace agreement. It is expected to be signed in Switzerland on June 19. This news pushed Bitcoin to $64,863.59, up 0.94% in the past 24 hours. Meanwhile, it represents a 1.5% gain in the 1-hour time frame.
According to Sharif, “The two sides announced an immediate and permanent cessation of military operations on all fronts, including in Lebanon.”
Earlier today, markets also reacted to US President Donald Trump’s comments. He said the Middle East is “very close” to a peace agreement. Moreover, he called on all parties to avoid further escalation after the attack on Beirut was expected to make negotiations more complicated.
After extensive talks, we are pleased to announce that a peace agreement has been reached between the United States of America and the Islamic Republic of Iran. The two sides announced an immediate and permanent cessation of military operations on all fronts, including…
– Shehbaz Sharif (@CMShehbaz) June 14, 2026
He added: “We are very close to reaching an agreement that will bring peace to the region, including Lebanon, and all parties must step down.” Trump wrote On social truth. He also called for stopping attacks in the country and not making any moves that would interfere in diplomatic activities.
The agreement hints at reopening the Strait of Hormuz
The diplomatic moves came after reports that A Draft memo Between Tehran and Washington. It is reported that the Strait of Hormuz, the main waterway for global oil transport, could be reopened soon.
The US-Iranian deal would also reduce the US naval presence around Iranian ports, according to a Reuters report. The draft plan also includes a 60-day negotiating window to discuss Iran’s nuclear program and potential sanctions relief, according to the report.
Consequently, financial and cryptocurrency markets have been sensitive to developments in the region, where the Strait of Hormuz accounts for about 1 in 5 of the global oil supply. Any disruption in the corridor could affect energy prices and investor confidence as a whole. At the time, Bitcoin was worth over $64,000 before falling below $63,500.
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