U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.

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

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