Trump Announces Iran Peace Deal; Signing June 19 in Switzerland

Former president Donald Trump posted that a U.S.-brokered peace deal with Iran is complete and will be formally signed on June 19 in Switzerland. His Truth Social post read: “the deal with Iran is complete. Signing scheduled for June 19. Peace achieved!” The announcement coincided with immediate market moves: Bitcoin rose about 1.3% to roughly $65,300, spot gold traded near $4,218, and oil prices moved down into the mid-$80s per barrel.

Pakistani officials identified Pakistan as a mediator with support from Qatar, Saudi Arabia and Turkey. Pakistani Prime Minister Shehbaz Sharif announced that mediators will hold pre-implementation talks this week to prepare for technical negotiations and the formal signing in Switzerland.

The reported agreement calls for an immediate and permanent end to military operations on all fronts, including in Lebanon, and includes provisions to reopen the Strait of Hormuz without tolls. Trump wrote that he “fully authorize[s] the toll free opening of the Strait of Hormuz… let the oil flow.” The pact outlines verification mechanisms, partial lifting of sanctions and a timetable for technical discussions on Iran’s nuclear program. Israel is not a direct party and has expressed reservations.

Markets moved quickly after the announcement. Bitcoin climbed toward $65,300, up about 1.26% in recent hours and remaining within a consolidation range between roughly $63,000 and $65,000. Spot gold traded near $4,218.56, a 0.17% intraday gain but close to 10% below levels from a month earlier. U.S. crude (WTI) traded around $84.88 per barrel, down about 3.23%, while Brent fell to about $87.33, down roughly 3.37%.

Traders priced in improved security for shipping through the Strait of Hormuz and the potential gradual return of Iranian production and exports. Technical support for gold sits between $4,100 and $4,200. Market participants cited economists projecting that successful implementation could help stabilize energy markets, ease some inflationary pressure and support global growth in 2026 and 2027, and that verification and compliance will influence the agreement’s durability.

Pre-implementation discussions this week aim to lay the groundwork for the technical talks and the official signing ceremony in Switzerland. The coming days will show whether the parties move from announcement to implementation or whether the agreement reflects a temporary diplomatic pause.