The Strait of Hormuz relief trade unravelled overnight after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities flat ahead of a pivotal CPI print.

Bitcoin holds above $65,000 as Iran and Oman near a deal on Strait of Hormuz shipping routes, boosting risk-on sentiment across global markets.

The Strait of Hormuz relief trade unravelled overnight after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities flat ahead of…