Bitcoin (BTC) reclaimed $65,000 on Monday after Vice President JD Vance said Iran agreed to readmit United Nations nuclear inspectors, a claim that Tehran’s state-linked media quickly disputed.
The pioneer crypto’s bounce tracked a wider risk-on mood as oil eased on Hormuz reopening hopes. Vance spoke in Switzerland after roughly 18 hours of negotiations.
Vance said his team in Bürgenstock won Iran’s agreement to readmit International Atomic Energy Agency (IAEA) inspectors. He called it the first step in ending Iran’s nuclear weapons program.
The agency pulled its last inspectors in June 2025, after US and Israeli strikes hit Fordow and Natanz. Tehran’s parliament then suspended cooperation, cutting off formal monitoring for roughly a year.
“The Iranians have agreed to invite IAEA inspectors back into their country. That is a major milestone for the American people,” Vance said in an interview.
‘“A lot of the people who were pushing lies and propaganda about the talks failing yesterday, look really stupid right now!!!” Donald Trump Jr quipped.
Iranian Media Disputed the Account
However, Iranian state-linked media challenged the US version within hours. Fars News, affiliated with the Revolutionary Guard, reported the nuclear file was not on the agenda.
Parliament Speaker Mohammad Bagher Ghalibaf, who led Iran’s delegation, had warned a day earlier that Washington should mind its statements. He said Iran’s forces stood ready to respond.
Alhamdulillah, the First High-Level Committee Meeting under the framework of the Islamabad Memorandum of Understanding has concluded successfully in Bürgenstock, Switzerland.
The discussions were held in a positive and constructive atmosphere and yielded encouraging progress,… pic.twitter.com/uvA0SBKfvf
Bitcoin had slid from its October record through the conflict, and traders have watched every war-driven price swing. Yet the rival accounts left any inspection deal unconfirmed.
Bitcoin Reclaims $65,000 as Oil Slides
Bitcoin traded near $65,500 at this writing, up over 2% in the past 24 hours, according to BeInCrypto data. Its recovery from recent lows still left BTC roughly 48% below its October record of $126,080.
Meanwhile, US crude oil spot prices ranged around $75 a barrel, close to their lowest since March. Traders priced in a weeks-long oil slide on bets that Hormuz shipping would recover.
The Strait of Hormuz normally carries about a fifth of the world’s oil, nearly 20 million barrels a day. Flows fell almost 30% to 14.6 million in early 2026 as the conflict disrupted traffic.
Vance also pitched an economic upside, saying any unfrozen Iranian funds would, under a Qatari-brokered plan, buy American crops.
“If Iranian assets are ever unfrozen, they’re going to go to make American farmers richer and to feed the Iranian people. That’s a very, very good and very classic Trump deal,” Vance said in Switzerland.
