U.S.-Iran Peace Deal Expected To Be Finalized Within 24 Hours, Pakistani PM Says

Pakistan has revealed that they are likely to finalize the U.S.-Iran peace deal within the next 24 hours, a development that provides a positive for Bitcoin and the broader crypto market. This follows confirmation from both the U.S. and Iran that they are close to reaching a permanent peace deal.

Pakistan PM Says U.S.-Iran Peace Deal Likely By Tomorrow

In an X post, Pakistan’s Prime Minister Shehbaz Sharif said they are closer to a U.S.-Iran peace deal than ever before and expect to finalize it in the next 24 hours. With this, Pakistan is preparing for the electronic signing of the peace deal immediately, followed by technical-level talks next week.

PM Sharif also expressed appreciation to the U.S. and Iran for their ongoing commitment throughout the negotiations, and to their brothers in the region for their support. “We are confident that this historic peace deal will form a strong foundation for lasting peace,” he added.

His statement follows confirmation from both the U.S. and Iran that a peace deal was near. As CoinGape reported yesterday, Iranian Foreign Minister Abbas Araghchi said the Islamabad MOU, referring to the U.S.-Iran peace deal, has never been closer than it is now. U.S. President Donald Trump had also earlier said that a peace deal was near and that they would announce the time and venue for the signing soon. Meanwhile, he reposted Araghchi’s X post.

The peace deal is expected to reopen the Strait of Hormuz, with the U.S. also lifting its naval blockade at this major oil chokepoint. The deal is also likely to end Iran’s nuclear threat, while the U.S. has signaled that it could lift sanctions on Iran based on Iran’s commitment to the deal.

However, according to Iranian media ISNA, Iranian Foreign Ministry Spokesperson Esmaeil Baghaei said that the imminent deal between the U.S. and Iran is not a final agreement but instead a framework for continued dialogue. He also said that they are unlikely to sign the agreement tomorrow, but that a signing in the coming days cannot be ruled out. Baghaei signaled that Iran still plans to charge a ‘service fee’ for movement through the Strait of Hormuz, regardless of what agreement they reach.

Odds Of A Deal Climb

Crypto traders are now increasing their bets on a permanent U.S.-Iran peace deal happening soon. Polymarket data show a 49% chance of a permanent peace deal by June 30, and a 59% chance of a deal by July 31, up from 40% and 46%, respectively, yesterday.

The Bitcoin price is currently trading just below the psychological $64,000 level as traders anticipate a peace deal. BTC had climbed above this level yesterday as Iran confirmed a deal was near, but retraced below the level as the SpaceX IPO dominated the headlines.

Meanwhile, ahead of a potential peace deal, Standard Chartered has predicted that BTC’s recent drop to $59,000 marked the bottom and the end of crypto winter. The bank’s analyst, Geoffrey Kendrick, has also maintained his year-end target of $100,000 for the leading crypto.