The US and Iran reached a tentative deal to reopen the Strait of Hormuz and extend a ceasefire. Bitcoin rallied as traders embraced the geopolitical thaw.

The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final…

The US and Iran are nearing a deal to reopen the Strait of Hormuz under a 60-day ceasefire, with Iran exploring Bitcoin for transit fee payments.

US president says Strait of Hormuz will reopen and US blockade will end