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Trump Calls US-Iran Agreement 'Basically Done,' White House Reports Gunfire Again, Oil Price Plunges, Bitcoin Sees V-Shaped Recovery

2026.05.24 08:52:15

May 24. Even on the weekend, a flurry of overnight and early-morning news has roiled markets: Trump announced the U.S.-Iran deal is "basically agreed." The New York Times reported Iran has signed onto a memorandum of understanding (MOU) including halting all fighting on fronts like Lebanon, reopening the Strait of Hormuz, lifting the U.S. naval blockade, allowing unimpeded commercial traffic, and releasing $250 billion in frozen Iranian assets. Nuclear-related issues will be negotiated over the next 30 to 60 days. Notably, the deal isn’t just one-sidedly optimistic from the U.S. side—Iran also expressed full optimism about the talks last night, making the agreement more credible. Just hours after that news, the White House was hit by a shooting, prompting a lockdown. The suspect died at a hospital. Crude oil plummeted rapidly as a result: Bitget data shows Brent crude fell from $102 to $94.2. Bitcoin, meanwhile, staged a V-shaped rebound after bottoming above $74,000. It’s now trading at $76,739.18, up 1.61% in 24 hours.
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