Brent crude drops 4% to $79.88 and WTI falls 4.7% to $76.93 as a US-Iran framework agreement eases Strait of Hormuz tensions. Bitcoin surges above $65,000.

Brent crude drops 4% to $79.88 and WTI falls 4.7% to $76.93 as a US-Iran framework agreement eases Strait of Hormuz tensions. Bitcoin surges above $65,000.

US WTI crude oil futures fell 3.74% to $69.23 per barrel after a US-Iran peace deal erased geopolitical risk premiums, with implications for crypto markets.