The US military is set to lift its Strait of Hormuz naval blockade if Iran signs a deal on June 19, boosting Bitcoin and reshaping crypto's geopolitical

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.

Trump announces US-Iran deal to reopen the Strait of Hormuz toll-free on June 14. Bitcoin surges past $63,000 as geopolitical tensions ease.