Oil ↓ = fear leaving market

XAUT ↓ (less safe-haven demand)

BTC ↑ (risk appetite returning)

The price of oil has plummeted.

Within minutes of Iran announcing that the Strait of Hormuz would be fully opened to all commercial vessels for the remaining days of the ceasefire agreement, oil prices dropped significantly.

Brent crude oil, which had reached as high as $98 earlier Friday morning, fell below $90 per barrel following the announcement.

Crude oil prices were below $70 before the war, peaked at over $100 in early March, and climbed as high as $119 by the end of March.

Now, with Iran's declaration to open the Strait of Hormuz to commercial ships, the price dropped 10% in a single day, falling from $98 to under $90.

While we can only hope this trend continues, the situation in the Middle East remains highly volatile, making it difficult to predict what will happen in the coming weeks.

Key Takeaways

- Strait of Hormuz:** Reopened to all commercial ships by Iran.

- Price Drop:** Brent crude fell from **$98 to below $90**(a 10% decrease).

- Context:Prices are returning toward pre-war levels after peaking at **$119** in March.

- **Outlook:** Market stability remains uncertain due to Middle Eastern volatility.

💡 Market Impact:** This shift suggests that regional de-escalation is currently the strongest driver for global energy price relief.

To help you track this further, I can:

- Monitor **real-time price updates** for Brent and WTI crude.

- Summarize **international reactions** to Iran's announcement.

- Provide updates on the **ceasefire negotiations** affecting the region.

#Kalshi’sDisputewithNevada #BitcoinPriceTrends #GoldenLionSignal #OilPrice $BTC $XAU $USDT