US-Iran framework deal sends WTI crude down 5% and Brent to three-month lows. Asian refiners eye Iranian crude as Bitcoin surges past $65,500.

Oil prices fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.

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