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.

WTI crude fell to $71.83 on June 24, the first sub-$72 price since March 3, after a US-Iran deal reopened the Strait of Hormuz. Here is what it means for

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.