Donald Trump Declares the Iran MoU “Is Over”: Bitcoin Plunges and Oil Soars
The post Donald Trump Declares the Iran MoU “Is Over”: Bitcoin Plunges and Oil Soars appeared on BitcoinEthereumNews.com. Middle East de-escalation now looks severely threatened. US President Donald Trump declared the memorandum of understanding with Iran “is over,” sending Bitcoin below $62,000 and oil sharply higher within minutes. Here is what Trump said, how markets reacted, and why Bitcoin moved in the opposite direction to oil. $BTC dropped below $62,000 after Trump said the US-Iran MOU is over. If Bitcoin closes a daily candle below $62,000 here, a sweep of $60,000 could happen soon. pic.twitter.com/d86rO2wZnn — Ted (@TedPillows) July 8, 2026 What Trump’s Iran MoU Statement Actually Means A memorandum of understanding, or MoU, is a formal but non-binding agreement outlining shared intentions between two parties before a permanent deal. Trump declared the Iran MoU “is over” after both sides failed to reach a lasting agreement, according to CNN. The collapse followed a fresh wave