Iran-U.S. peace talks in Doha push bitcoin higher and Brent crude down 6% as traders price in Strait of Hormuz reopening.

Iran and the US are finalizing a 14-point memorandum of understanding to end hostilities. Bitcoin surged past $82K as oil prices dropped over 6%.

Iranian negotiators arrived in Doha for talks, focusing on the Strait of Hormuz and highly enriched uranium. Pakistan and Qatar are mediating.