Overview
- President Trump posted late Saturday that a peace agreement between the United States, Iran and several Middle Eastern countries has been "largely negotiated" and that the Strait of Hormuz would be reopened, subject to finalization.
- Crypto markets retraced losses after the post, with total market capitalization rising by about $75 billion and Bitcoin bouncing from a five‑week low near $74,250 to roughly $76,800–$77,000.
- Oil prices eased on the diplomatic news, with West Texas Intermediate around $96 and Brent near $103, reflecting traders pricing in the prospect of restored shipping through the strait.
- U.S. officials, including Secretary of State Marco Rubio, spelled out strict conditions for any deal—no Iranian nuclear weapon, open straits without tolls, and surrender of enriched uranium—and emphasized the pact remains unfinished.
- Analysts cautioned the market rally is fragile because Bitcoin is still in a broader downtrend about 39% below its October high and more than $1 billion of spot ETF outflows in the prior week showed liquidity risks that could reverse gains.