Trump says Iran peace deal to be signed Sunday, contradicting Tehran
Trump said a US-Iran deal is scheduled to be signed on Sunday, and Pakistan, which is mediating talks, said an agreement could be finalized within 24 hours. The expected memorandum of understanding would extend the ceasefire for 60 days and reopen the Strait of Hormuz, easing a naval blockade that has disrupted about 20% of global oil and LNG supply. Iran did not confirm the Sunday timeline; its foreign ministry said signing would likely happen in the coming days. Pakistan’s prime minister said technical talks would follow next week after electronic signing. Market commentators said a deal could boost risk assets, especially Bitcoin and crypto, as geopolitical uncertainty has weighed on sentiment and driven recent Bitcoin ETF outflows. Bitcoin was trading around $64,491, up 1.5% on the day.
