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Iranian Foreign Minister Aragchi confirms: 14 Memorandums of Understanding are about to be finalized, with plans for digital signing in Geneva on June 15. BTC responds by hitting a 7-day high of $64,349.
Then the Iranian officials also said, "Trump's statements are unrelated to the facts" 😂 Oil prices are honest—Brent plummeted from $97 to $87, WTI from $94 to $84, a weekly drop of over 10%.
Most importantly: these 14 only cover ceasefire and shipping routes, nuclear issues and sanctions are completely not included. Iran's $7.7 billion in crypto assets, $3 billion related to the state, if sanctions are eased, these fund flows will change completely.
Is peace really coming, or is it another play of "an agreement is about to be reached"?
Tags: #BTC #Iran #Oil #Geopolitics #Crypto