US forces end naval blockade on Iranian ports after Pakistan-mediated deal. Iran had charged vessels up to $2M in Bitcoin and USDT for Strait of Hormuz

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.

At least three Iranian oil tankers and two cargo vessels have transited the Strait of Hormuz following the US announcement that it would remove its naval blockade as part of the…