Trump says 60-day deadline for Iran agreement is flexible, Bitcoin rallies on reduced tension

President Donald Trump declared that the 60-day timeline attached to the tentative US-Iran agreement isn’t set in stone. In the same breath, he suggested the US could sign a deal within 48 hours, a pace that makes the original deadline feel almost leisurely by comparison.

The agreement, structured as a memorandum of understanding, aims to extend a ceasefire, guarantee unrestricted shipping through the Strait of Hormuz, and kick off substantive negotiations over Iran’s nuclear program. Trump also confirmed that US troops will remain deployed in the Persian Gulf.

What the deal actually covers

At its core, the agreement calls for reopening the Strait of Hormuz without tolls or harassment, a corridor through which roughly a fifth of the world’s oil supply passes on any given day.

The deal reportedly includes provisions for the potential release of billions in funds that have been locked up under various sanctions regimes.

The framework builds on a previous outline established in May 2026 and follows the ceasefire that ended what’s been called the Twelve-Day War in June 2025. Both sides still need final leadership approval, which means the 48-hour timeline Trump floated is ambitious even by his standards.

Bitcoin’s reaction tells a story

Crypto markets responded with characteristic enthusiasm to the prospect of reduced geopolitical risk. Bitcoin surged nearly 3% on the news.

The US Treasury has simultaneously been cracking down on Iranian digital infrastructure, sanctioning Nobitex, described as Iran’s largest digital asset exchange. Authorities also seized approximately $1 billion in Iranian digital assets, a move that underscores how the US views crypto as both a legitimate financial instrument and a potential sanctions evasion tool.

What this means for investors

The sanctions on Nobitex and the seizure of Iranian digital assets introduce a layer of regulatory complexity. For traders operating in or adjacent to Middle Eastern markets, the message from the Treasury Department is unambiguous: compliance is not optional, and the enforcement apparatus is getting more sophisticated.

The potential release of frozen Iranian assets could create new demand for both traditional and digital financial services in the region, but only if sanctions relief actually materializes.

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