Iran has indicated it may reopen the Strait of Hormuz within seven days if the US reduces military pressure and lifts its port blockade. Following these signals, oil prices fell sharply, with WTI crude dropping over 2.5% to $89 a barrel and Brent crude falling below $98. This potential easing of Middle East tensions could lower energy prices, reducing inflation concerns and possibly limiting further interest rate hikes. Meanwhile, Bitcoin remains steady around $86,000 after a recent rally, and gold prices are stable near $4,336 an ounce.
The news on Iran's possible reopening of the Strait of Hormuz and its impact on oil and Bitcoin prices is provided here with Pluang's market data for context. For readers following major cryptocurrencies, 37 of 50 priced coins rose today. Notable movers include DOGE at Rp1.764 with a 7.82% increase, EGLD at Rp79.419 up 6.86%, and VET at Rp164 rising 5.90%. This data is as of Sep 22, 2026 17:02 WIB.
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