Brent crude rises above $80 per barrel after US-Iran talks collapse, reversing gains from a recent peace deal and reigniting inflation fears across crypto

Brent crude drops below $80 per barrel for the first time since the Iran conflict began, as a US-Iran peace deal framework eases Strait of Hormuz fears.

Oil prices fell 4% to three-month lows on the US-Iran framework deal. Bitcoin reclaimed $65,000 as geopolitical risk premiums unwound across markets.