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Bitcoin jumps as US-Iran peace deal reopens Strait of Hormuz, oil prices fall sharply.

Market News
14 Jun 2026
Coindesk
View Source
Bullish
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The US and Iran have reached an interim peace agreement to end hostilities and reopen the Strait of Hormuz, with the deal set to be signed in Switzerland. This development caused Bitcoin prices to rise about 2% to $65,700, its highest since early June. Meanwhile, crude oil prices dropped nearly 5% to under $81 per barrel, reflecting eased geopolitical tensions. US stock futures also rose, with Nasdaq 100 futures up 1.5% and S&P 500 futures up 0.9%, signaling positive market sentiment ahead.

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