BlockBeats report: On June 15, following Israel's interference, the U.S. and Iran reached a peace agreement. At midnight Beijing time on the 15th, both Pakistan's Prime Minister and U.S. President Trump stated that an agreement had been reached between the U.S. and Iran; Trump announced the approval of free passage through the Strait of Hormuz and authorized the immediate lifting of the U.S. Navy's blockade on Iran.
Iran’s Deputy Foreign Minister also confirmed that the text of the U.S.-Iran memorandum of understanding has been finalized and will be officially signed in Switzerland this Friday, June 19. The deputy foreign minister revealed that the text of the memorandum will be released after the formal signing; negotiations for the final agreement will take place within 60 days, focusing on the lifting of sanctions, nuclear issues, establishing the final mechanism for Iran’s reconstruction, and overseeing implementation.
Prior to this, Israel conducted airstrikes on the Lebanese capital, putting the U.S.-Iran negotiations at risk of stalling. It is reported that Iran canceled its plan to retaliate against Israel for the airstrikes on Lebanon at the last minute, following mediation by Trump through intermediaries. Iran’s Deputy Foreign Minister stated that one of the conditions for Iran not retaliating against Israel is its withdrawal from southern Lebanon.
Driven by easing tensions in the Middle East, spot gold rose 2% at the open on Monday, spot silver broke above the $70 mark, WTI crude oil fell 5%, Nasdaq futures advanced over 1%, and markets reduced bets on Federal Reserve rate hikes.