Key facts
- A US-Iran peace deal has been confirmed by President Donald Trump and Pakistan's Prime Minister Shehbaz Sharif.
- The agreement mandates an immediate and permanent end to military operations on all fronts, including Lebanon.
- The Strait of Hormuz will reopen, and the US naval blockade will be removed.
- A signing ceremony for the deal is scheduled for June 19 in Switzerland.
- Bitcoin prices rallied to nearly $65,000 following the announcement of the peace deal.
Bitcoin prices surged toward $65,000 after Pakistan's Prime Minister Shehbaz Sharif confirmed a peace deal between the United States and Iran, with a signing ceremony planned for June 19 in Switzerland. The agreement mandates an immediate and permanent cessation of military operations on all fronts, including Lebanon, and authorizes the reopening of the Strait of Hormuz. President Donald Trump confirmed the deal's completion and the removal of the US naval blockade.