Bitcoin surged above $65,000 after President Donald Trump announced on June 14, 2026 that the agreement with Iran was finalized and the Strait of Hormuz would reopen toll‑free, prompting investors to rally the cryptocurrency.
Deal Declaration and Immediate Orders
Trump posted on Truth Social that the Iran deal was complete and that the United States Navy’s blockade would be lifted without delay. He also authorized the toll‑free reopening of the strategic waterway, urging global shipping to resume operations immediately. The announcement set the stage for a formal signing ceremony scheduled for June 19 in Switzerland.
Oil Market Reaction
West Texas Intermediate crude settled near $84.88 per barrel, reflecting a 3.2% decline from the previous day. Brent crude fell to approximately $87.33 per barrel, a 3.4% drop that pushed the benchmark to multi‑month lows. The price contraction followed a period when Brent had traded above $100 per barrel amid earlier supply‑risk concerns.
Crypto Market Impact
Bitcoin’s price rose to an intraday high of $65,641 as the risk‑on sentiment spread across markets. Crypto investors cited the reduced geopolitical tension as a catalyst for the rally, boosting confidence in blockchain assets. The surge reinforced Bitcoin’s role as a leading crypto indicator amid shifting global dynamics.