Oil prices drop over 4% as US-Iran framework deal promises to reopen the Strait of Hormuz. Bitcoin surges above $65,500 on risk-on sentiment shift.

The price of crude oil is tumbling, and U.S. stock futures are moving higher.

Oil prices drop 4% after the US and Iran agree to reopen the Strait of Hormuz within 30 days, with WTI crude falling to the $81-85 range and crypto markets