The US and Iran signed a 60-day ceasefire reopening the Strait of Hormuz. Oil dropped 3%, Bitcoin climbed above $65K as markets priced in reduced risk.

Iran and the US reportedly agree to a 60-day framework allowing Iranian oil sales and keeping the Strait of Hormuz open, with Trump deciding next steps.

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement,…