The US dollar dropped to a one-month low and Bitcoin surged above $72,700 after a US-Iran ceasefire deal, but renewed strikes highlight fragile peace.

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

Brent crude jumped over 2% to $102 after US strikes on Iranian targets in the Strait of Hormuz, rattling crypto markets and raising inflation concerns.