Kuwait endorses the US-Iran memorandum to reopen the Strait of Hormuz, easing oil price pressure and shifting macro sentiment for crypto and risk assets.

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 says US and Iran will sign a deal Sunday to reopen the Strait of Hormuz. Here's what the MOU includes and what it means for crypto markets.