Brent crude fell 4.5% to $83.41 per barrel after Washington and Tehran announced a diplomatic pact to reopen navigation through the Strait of Hormuz, triggering sharp moves among oil‑price watchers and crypto investors alike.
Diplomatic Breakthrough and Immediate Oil Reaction
President Donald J. Trump posted the agreement on Truth Social, declaring that ships worldwide should “start your engines” as the naval blockade lifts. He confirmed that full access to the strait is expected by the end of the week, while