Bitcoin’s Iran rally enters a 60-day test as oil s
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Bitcoin’s Iran rally enters a 60-day test as oil shock fears shift to the Fed
The MOU may ease immediate oil fears, but sanctions relief, nuclear terms, and durable energy-market normalization remain tied to a 60-day negotiation window.Iran's foreign minister said negotiations with the US will begin the same day both countries sign a memorandum of understanding, with a 60-day window afterward to resolve the nuclear issue and secure sanctions relief.
Bitcoin reacted to the framework itself, a memorandum signed before any of its harder terms were settled. Brent crude fell about 5% to $78.96, and WTI settled at $76.05, both near three-month lows, as traders priced in the reopening of the Strait of Hormuz and renewed Iranian oil exports.
The Strait of Hormuz carried about 20% of global oil and petroleum product consumption and more than a quarter of global seaborne oil trade in 2024 and early 2025, according to the US Energy Information Administration.
A credible reduction in the odds of disruption there removes one of the market's clearer tail risks, and that removal alone explains the day's crude selloff. The MOU also allows Iran to begin selling oil and fuel under newly issued waivers, adding near-term supply that could keep prices lower if shipments actually move.
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