🚨 MARKET UPDATE: Global markets rally as easing geopolitical tensions boost risk sentiment.
Reports indicate a major US-Iran breakthrough, with a peace agreement expected to be signed on June 19. The deal reportedly includes lifting the US naval blockade and reopening the Strait of Hormuz — a critical route for global energy supplies.
📉 Oil Takes the Biggest Hit
Crude oil plunged 5% to around $80 per barrel, now down nearly 33% from its March peak of $120.
🔹 Brent Crude dropped to $82.91
🔹 WTI Crude hit its lowest level since early March
The sharp decline suggests traders are rapidly pricing in reduced supply risks and a normalization of energy flows through the Strait of Hormuz.
₿ Bitcoin Stays Strong
Bitcoin climbed above $66,000 as investors welcomed the improved risk environment and easing inflation concerns.
👀 Next Market Catalysts:
• Federal Reserve decision
• Bank of Japan policy meeting
While markets are celebrating the geopolitical relief, investors remain focused on central bank guidance for the next major move.
