Iran has rejected US President Donald Trump's claim that a war-ending agreement will be signed this coming Sunday. The Iranian Islamic Revolutionary Guard Corps stated that this timeframe is inaccurate and that the framework for the agreement is not yet complete.
This conflict arose as both sides indicated they were close to reaching a major agreement to replace the 60-day temporary ceasefire.
The US and Iran disagree on the timing of signing the agreement.
Trump posted on Truth Social that the agreement would be signed on Sunday and the Strait of Hormuz would be open to all traffic shortly thereafter.
"The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL." – President Donald J. Trump 🇺🇸 pic.twitter.com/G34bMSBIUM
— The White House (@WhiteHouse) June 13, 2026
This post came after Pakistan, Vai as a mediator, expressed great optimism. Pakistani Prime Minister Shehbaz Sharif said the parties had never been closer to reaching an agreement and Islamabad was ready for electronic signing.
"We are closer than ever to a peace agreement. It is expected to be finalized within the next 24 hours," the message read.
However, Tehran immediately refuted the claims. A source quoted by Fars News Agency (Iranian media) asserted that the information about the agreement being finalized and signed on Sunday was completely false.
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⚡️An Iranian official tells me there are still two outstanding issues on the proposed MOU and depending on the position the US takes on these, an agreement could be signed quickly. He declined to elaborate on specifics. Iran assesses Trump wants to sign before the G7 summit.
— jeremy scahill (@jeremyscahill)June 13, 2026
Iran's Islamic Revolutionary Guard Corps (IRGC) claims the timeline set by the US is merely a test for the Iranian negotiating team, and that the Mnemonics between the two sides is still incomplete. According to the IRGC, Trump emphasized this date because it is his birthday – implying he wants to use the opportunity to promote his personal image.
“It is noteworthy that Sunday, June 14th, coincides with Mr. Trump’s birthday. Some observers believe he is deliberately using this occasion to turn it into a media event serving his own interests. However, with the clear stance of Iranian officials that the agreement is not yet complete, our negotiating team has recognized these ulterior motives and will not be drawn into such media stunts or formal ceremonies,” the statement said .
Oil and cryptocurrency markets await the start of the week's trading session.
This point of contention is fueling much speculation in the market as trading opens on Monday. If an agreement is reached, oil prices are likely to fall after having surged during the period of escalating tensions.
If the Strait of Hormuz is reopened, concerns about global oil supply will ease, as this route accounts for a large proportion of the world's crude oil transport.
The cryptocurrency market reacted immediately to this news. The price of Bitcoin (BTC) is currently fluctuating around $64,460, up approximately 1.56% in 24 hours, and the total cryptocurrency market capitalization has also increased by nearly 1%.
Bitcoin (BTC) price performance. Source: BeInCrypto MarketsThis recovery followed Pakistan's announcement of signing within the next 24 hours. However, investor sentiment remains very cautious, with the Crypto Fear & Greed Index hovering around 18 .
If an agreement is confirmed, asset prices could continue to recover. Conversely, any delay or escalation of tensions could put further pressure on oil and cryptocurrency prices.
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