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Iran Opens the Strait of Hormuz, Trump Thanks Them! Bitcoin (BTC) Rises While Oil Prices Fall
As the two-week ceasefire between the United States and Iran approaches its end, a second round of negotiations is expected. According to Axios, talks between the United States and Iran are likely to take place in Islamabad on April 19.
Axios also reported that Iran stated the deal includes the unfreezing of $200 billion in Iranian funds by the United States in exchange for the transfer of enriched uranium stockpiles.
According to available information, discussions on this matter are ongoing.
In addition to reports about the negotiations, Iran also issued official statements. According to these statements, Iran has officially reopened the Strait of Hormuz to ALL commercial vessels for the remaining duration of the ceasefire.
Iran’s Foreign Minister stated:
“In accordance with the ceasefire in Lebanon, the passage of all commercial vessels through the Strait of Hormuz is declared fully open for the remainder of the ceasefire period along the agreed route already announced by the Ports and Maritime Organization of the Islamic Republic of Iran.”
U.S. President Donald Trump thanked Iran for reopening the Strait of Hormuz.
Following the Iranian Foreign Minister’s announcement about the resumption of commercial shipping through the Strait of Hormuz, prices for WTI and Brent crude oil dropped by more than 6% during the day, falling to $86.51 and $88.53 per barrel respectively.
In response to these developments, oil prices declined, while the price of Bitcoin (BTC) rose by 1.5% over the past 24 hours, climbing above the $76,000 level.
See also: "CryptoQuant: Bitcoin composite index approaches historical support zone"
