As of today, the U.S. and Iran appear to be close to a broader agreement, but there is no fully finalized peace deal. Negotiators are discussing a framework that could include a 60-day ceasefire extension, reopening the Strait of Hormuz, sanctions relief, and further talks on Iran's nuclear program.

However, there are still major sticking points, and both sides have continued military actions during the negotiations. In fact, fresh U.S. strikes in Iran were reported today, showing that tensions remain elevated despite ongoing talks.

Current situation:

✅ Ceasefire talks are ongoing.

✅ A draft framework is reportedly being negotiated.

❌ No signed, permanent peace agreement yet.

❌ Military tensions have not fully stopped.

For Bitcoin and risk assets, the market is reacting more to the possibility of de-escalation than to a completed peace deal. If a final agreement is announced, it could further reduce geopolitical risk and support risk-on sentiment.