The bitcoin price rose above $66,000 on Wednesday — amid a statement by US President Donald Trump about an agreement with Iran at the G7 press conference.
At the same time, oil grew cheaper — Trump's remarks clarified the details of the US-Iran deal on the eve of its official signing in Switzerland.
Trump spoke about the deal with Iran at the G7 summit
On June 17, 2026, at the G7 press conference, Donald Trump shared the details of a memorandum between the US and Iran — this immediately affected the dynamics of risk assets in the markets.
According to Trump, the agreements include a ceasefire, the full opening of the Strait of Hormuz, a partial lifting of sanctions, and Iran's commitment to renounce nuclear weapons.
The official signing of the deal is expected in the near future in Switzerland.
«If Iran does not comply with the terms, we will bomb it again», — Trump stated bluntly. In addition, he noted that not all the agreements have yet been put in writing, and added: «It is amazing that they were able to assemble bombs».
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Trump also noted the markets rising on signals of peace with Iran — he spoke about this at the same G7 press conference.
«Every time there was a chance of a peaceful settlement, the markets took off like a rocket», — Trump remarked. — «And practically did not decline. The stock market is sometimes smarter than everyone».
According to him, the rise is linked to the memorandum between the US and Iran — it provides for a truce, the opening of the Strait of Hormuz and a partial lifting of sanctions. In case of a violation of the agreement by Iran, new strikes are possible.
The tough US stance, intended to ensure peace through a demonstration of force, led to a reduction in short-term volatility in the market.
Source: BeInCrypto
