Bitcoin rallies to $64K on reports of imminent Iran-US-Oman Strait of Hormuz transit agreement.
Macro & Markets ·
Bitcoin moved above $64,000 after climbing more than $2,000 from a low of $62,200, with traders responding to reports that the US, Iran, and Oman are approaching an interim agreement on Strait of Hormuz transit. According to reports, the proposed arrangement would direct inbound shipping through Iran-controlled northern waters and outbound traffic through the southern lane via Oman, with neither side imposing fees or tolls during an initial 60-day window. The deal's confirmation was expected to be announced by President Trump, though market participants cautioned that a sustainable price recovery may depend on reaching a permanent agreement.