Risk-On Sentiment Surges as Iran Reopens Strait of Hormuz, Boosting Bitcoin and Slashing Oil

Markets shifted aggressively toward risk assets following confirmation from Iranian Foreign Minister Seyed Abbas Araghchi that the Strait of Hormuz has been reopened for all commercial vessels. The move, coinciding with a ceasefire, prompted an immediate reaction in energy markets and digital assets, while U.S. stock index futures rose approximately 1%. The reopening marks a significant de-escalation in regional tensions, which had previously driven oil prices higher and pressured risk-sensitive assets. President Trump acknowledged the move on Truth Social, signaling a diplomatic thaw. Reports indicate the U.S. and Iran are currently negotiating a three-page plan to end hostilities, which reportedly includes the U.S. releasing $20 billion in frozen Iranian funds in exchange for the surrender of Iran's enriched uranium stockpile. In the commodities market, WTI crude oil fell nearly 10% to $85.90 per barrel, marking its lowest price point since the conflict began in early March. This sharp decline reflects the removal of a primary supply-chain risk in one of the world's most critical maritime chokepoints. Simultaneously, Bitcoin has capitalized on the risk-on environment, climbing past $76,000. The asset is currently testing the $77,000 threshold, a level technicians view as a critical breakout point. This follows a period of high volatility where BTC previously tumbled from the $76,000-$78,000 range to $60,000 during a crash on February 5. BTC has now moved above its 100-day moving average, while institutional trend indicators have reclaimed the 200-week level. Traders are now monitoring whether a sustained break above $77,000 can trigger a return to significantly higher valuations.