The US and Iran signed the Islamabad MoU, lifting the naval blockade and reopening the Strait of Hormuz. Bitcoin rose 3% while oil dropped nearly 5%.

Iran and the US reached a framework deal to halt war and reopen the Strait of Hormuz. Oil prices dropped up to 9%, with crypto implications emerging.

US and Iran agree to a preliminary deal reopening the Strait of Hormuz with a 60-day ceasefire, lifting the naval blockade, and ending Iran's crypto toll