US-Iran MoU extends ceasefire 60 days, reopens Hormuz—sanctions relief and BTC watch

A proposed US-Iran MoU would extend the ceasefire by 60 days and reopen the Strait of Hormuz for unrestricted shipping. Iran would clear naval mines within 30 days and waive maritime tolls during the ceasefire. In return, the US would offer phased sanctions relief tied to Iran’s nuclear negotiations, especially limits on highly enriched uranium. The deal remains tentative. US President Trump and Iranian leadership still need to approve it, with reports in early June suggesting signatures could happen within a week. Mediation is reportedly handled by Pakistan and Qatar, while Israeli officials say Israel is not a party to the MoU. For crypto traders, this is a macro risk setup where the Strait of Hormuz is the transmission channel through oil. As headlines around the US-Iran MoU circulated, Bitcoin (BTC) rose while oil moved on expectations of more supply. But if the US-Iran MoU collapses, oil could spike and the market may swing back to risk-off, weighing on BTC. Key catalysts to watch are: (1) whether the framework is formally signed, (2) whether mine removal is completed within the 30-day window, and (3) whether Iran meets nuclear-compliance conditions. Traders should also monitor potential Israeli responses, since any action targeting Iranian nuclear facilities could quickly invalidate “risk-on” sentiment driven by the US-Iran MoU headlines.