Iranian media and officials have pushed back against U.S. President Donald Trump’s claims that a peace agreement between Washington and Tehran is close, dismissing the remarks as inaccurate and accusing them of influencing financial markets at a sensitive time.
The dispute has drawn attention from crypto investors after Trump’s comments helped improve market sentiment, contributing to a rebound in Bitcoin and other digital assets.
BREAKING: Iran rejects Trump’s plan of a weekend deal-signing ceremony with Vance, saying any plan about signing in Geneva, Switzerland or a face-to-face meeting is nothing but a “mistaken understanding of US proposals and wishes,” due to the absence of a final deal, per Fars.
— The Hormuz Letter (@HormuzLetter) June 12, 2026
Iran says no final agreement has been reached
According to reports from Iranian media, including references to the Fars News Agency, Tehran has denied that any peace deal with the United States has been finalized. Officials also rejected reports suggesting that a signing ceremony or face-to-face meeting in Geneva was being planned.
Iranian authorities described suggestions of an imminent agreement as a misunderstanding of U.S. proposals and insisted that negotiations have not reached a final stage.
The response directly contradicts Trump’s recent statements that discussions had advanced significantly and that important elements of a deal had already received approval from all parties involved.
Market manipulation claims surface ahead of SpaceX IPO
The disagreement grew after The Hormuz Letter claimed Trump’s statements were intended to influence financial markets ahead of SpaceX’s widely anticipated public debut.
In a post on X, the publication argued that reports of a completed agreement were false and described them as market manipulation tied to the expected IPO. It also maintained that Iran had explicitly rejected claims that negotiations were finished.
No evidence has been publicly presented to support the allegation, but the comments added another layer of controversy to the ongoing diplomatic discussions.
Will Bitcoin and crypto sentiment improve on reduced tensions?
Trump’s remarks appeared to ease concerns over geopolitical risks, helping lift investor confidence across financial markets. Bitcoin recovered from recent weakness and climbed above the $63,000 level as traders reacted positively to the prospect of reduced tensions in the Middle East.
The improved sentiment also coincided with growing excitement surrounding SpaceX’s expected Nasdaq listing. The company is set to debut at an offer price of $135 per share for 555.6 million shares, implying a valuation of roughly $1.77 trillion.
Meanwhile, Coinbase’s pre-IPO perpetual futures have indicated prices around $176, suggesting expectations well above the planned offering price.
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