US-Iran peace deal reopens Hormuz — oil crashes 33%, Bitcoin spikes above $65K

A US-Iran peace agreement announced an immediate ceasefire, the lifting of the American naval blockade, and the reopening of the Strait of Hormuz, with a formal signing set for June 19 in Switzerland. Brent crude collapsed roughly 33%, falling from about $120 to $80 a barrel. Bitcoin spiked above $65,000 on the de-escalation. The sats-per-barrel ratio fell with the oil price — the moment the shooting stopped, the barrel repriced downward faster than the coin. But the months of disrupted dollar settlement do not unwind with a ceasefire. The crypto toll booths, the BTC-settled cargoes, and the cracked petrodollar are all still there.