
A 60-day negotiation period and temporary ceasefire, alongside resumed Strait of Hormuz shipping, improved risk sentiment; deferred nuclear talks and the accord’s interim nature leave uncertainty.
President Donald Trump has signed an interim U.S.-Iran deal that starts a 60-day negotiation period and coincides with a temporary ceasefire, shifting the story from expectations of a possible agreement to an active diplomatic process. Markets reacted positively as eased tensions and resumed shipping through the Strait of Hormuz supported risk appetite: Bitcoin rose above $66,000, the Dow gained between 0.14% and 0.38% in separate reports, the S&P 500 rose between 0.93% and 1.09%, and the Nasdaq advanced between 1.29% and 1.91%. The IEA chief said the deal’s success depends on reopening the Strait of Hormuz within 60 days, while separate reports described a preliminary arrangement including a $300 billion fund. Nuclear talks have been deferred, indicating the ceasefire is temporary and that volatility could return if negotiations stall.