Iran Denies Trump’s Hormuz Deal, Oil Jumps but Bitcoin Watches
Iran has denied President Donald Trump's claim that a deal exists to reopen the Strait of Hormuz, the world's busiest oil route. Oil jumped on the denial.
Bitcoin (BTC) barely moved. That gap says a lot about what crypto traders now choose to ignore.
Trump Says a Hormuz Deal Exists. Iran Says It Does Not
Trump posted on Truth Social early Sunday. He said he had canceled a planned strike on Iran.
He wrote that Iran and its neighbors asked him to hold off. The reason, he said, was that "the perimeters of a deal has been agreed to."
That deal would open the Strait of Hormuz right away. It would also end Iran's nuclear threat.
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