Oil prices tick higher after a sharp selloff on US-Iran deal optimism. Brent and WTI whipsaw as Strait of Hormuz blockade fears dominate crude markets.

Oil prices tick higher after a sharp selloff on US-Iran deal optimism. Brent and WTI whipsaw as Strait of Hormuz blockade fears dominate crude markets.

Brent and WTI crude oil prices fell nearly 5% on US-Iran deal reports, easing supply fears. Bitcoin rallied toward $82K as risk assets benefited.