Crypto Currency

Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open

Markets Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open The price of crude oil is tumbling, and U.S. stock futures are moving higher. By Stephen Alpher Jun 14, 2026, 8:08 p.m. ET 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn

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Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open

The price of crude oil is tumbling, and U.S. stock futures are moving higher.

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Map of Iran with a pin just north of Esfahan. (Tudoran Andrei/Shutterstock)

The US and Iran said they reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with the deal to be signed in Switzerland on Friday.

The price of bitcoin has risen to $65,700, up 2% over the past 24 hours, and its highest level since the early June plunge.

The price of WTI crude oil has plunged nearly 5% to just under $81 per barrel, its softest level in about two months.

Nasdaq 100 futures are higher by 1.5% and S&P 500 futures are up 0.9%.

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