Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment.

Gulf stock markets rally on US-Iran peace deal expectations as oil prices drop sharply and Bitcoin climbs toward $83K, reflecting shifting geopolitical risk.

A crypto market rally sparked on Sunday, with Bitcoin (CRYPTO: BTC) rising to $77,000, a day after it moved to $74,000.

Oil prices fell and Asian stocks climbed on Monday over hopes a deal between the United States and Iran to open the Strait of Hormuz could be brokered.The price of North Sea Brent…

Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment.