Crypto
Donald Trump Declares the Iran MoU “Is Over”: Bitcoin Plunges and Oil Soars
On July 8, 2026, US President Donald Trump declared at the NATO summit in Ankara that the memorandum of understanding with Iran is over.
Key takeaways
- The US-Iran memorandum of understanding is over.
- Bitcoin typically behaves as a risk asset during geopolitical shocks, falling alongside stocks.
On July 8, 2026, US President Donald Trump declared at the NATO summit in Ankara that the memorandum of understanding with Iran is over. Following the announcement, Bitcoin fell below $62,000, behaving as a risk asset, while USOIL surged to $75 over fears of supply disruptions in the Middle East.
In their words
“To me, I think it's over. I don't want to deal with them anymore.”
By the numbers
- $62,000
- Bitcoin price level breached on the downside
- $75
- USOIL price reached after the announcement
- +3.2%
- Oil price surge within ten minutes of statement
- $64,000
- Bitcoin price peak earlier in the session
How it unfolded
- Trump declares the US-Iran MoU is over
Why this matters
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If Bitcoin closes a daily candle below $62,000, a sweep of $60,000 could happen soon.
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Common questions
- What happened with Donald Trump?
- The US-Iran memorandum of understanding is over.
- Where can I read the original report?
- Read the full report at beincrypto.
