US-Iran deal to reopen the Strait of Hormuz sends Dow to all-time high, drops Brent crude to $83, and lifts Bitcoin to $66,500 in broad risk-on rally.

Trump declared the U.S.-Iran deal complete June 14, authorizing Hormuz reopening. Oil fell 3%, Bitcoin climbed well above $65K.

(Bloomberg) -- Stocks rallied, oil slumped and the dollar fell after the US and Iran said they had reached a deal to reopen the Strait of Hormuz.

The US and Iran have agreed on an interim deal to end the war, removing a major overhang for markets and sending oil prices lower