Global equities rise and oil drops 5-6% on US-Iran Strait of Hormuz deal optimism. Bitcoin nears $82K as crypto tracks geopolitical risk sentiment.

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…

Washington and Tehran appear close to agreeing on ending the Middle East war that has effectively closed the Hormuz strait, driving up energy prices and stoking global inflation.