Trump says Strait of Hormuz will open immediately under Iran deal, Bitcoin rallies on de-escalation hopes
President Trump announced a largely negotiated deal with Iran regarding the Strait of Hormuz, which could reopen a critical oil shipping lane. The agreement aims to ensure international shipping remains free from any single country's control. Following the news, Bitcoin prices increased as traders reacted positively to the potential de-escalation of geopolitical tensions.
- ▪The Strait of Hormuz handles roughly 25% of the world's oil trade.
- ▪The proposed agreement includes a 60-day memorandum of understanding for a ceasefire.
- ▪Iranian officials have suggested a faster reopening of the strait than the proposed 60 days.
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Trump says Strait of Hormuz will open immediately under Iran deal, Bitcoin rallies on de-escalation hopes A largely negotiated agreement could reopen one of the world's most critical oil shipping lanes, easing geopolitical risk that has weighed on crypto and energy markets alike. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); President Donald Trump announced on May 23 that a deal…
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