Bitcoin's price has successfully broken through the $66,000 barrier on Wednesday as President Trump laid out the Iran deal during his press conference at the G7 summit.

Meanwhile, oil prices dropped as Trump's statements provided further clarification on the deal between the US and Iran ahead of the official signing in Switzerland.

President Trump provided a highly anticipated update on the US-Iran memorandum of understanding during the G7 summit press conference on June 17, 2026, which immediately moved the prices of risk assets in the market.

Trump emphasized that the cooperation framework includes a ceasefire, full opening of the Strait of Hormuz, limited sanctions relief, and Iran's promise not to develop nuclear weapons.

The official signing in Switzerland will take place soon.

"If Iran doesn’t honor the deal, we’ll bomb them again," Trump stated bluntly. He also added that part of the agreement is indeed unwritten and praised the impact of recent US strikes: "It's amazing what bombs can do."

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President Trump also highlighted the market surge due to peace signals regarding Iran during a press conference at the G7 summit.

"Every time we talk about the possibility of peace, the market shoots up like a rocket," Trump explained. "It never really goes down. The stock market is smarter than anyone else."

He linked the market rally to the US-Iran memorandum that includes a ceasefire, the opening of the Strait of Hormuz, and limited sanctions relief, but also warned of new strikes if Iran violates the agreement.

"Peace through strength," supported by open military use, has also pressured short-term volatility premiums.