A peace agreement that reopens the Strait of Hormuz pulled the geopolitical premium out of oil and put back into risk assets. Bitcoin rose about 2% to roughly $65,800, its highest level in nearly two weeks, after the United States and Iran reached a deal to end hostilities and reopen the Strait of Hormuz. The agreement eased energy-supply fears, sending Brent crude down more than 4% toward $83 a barrel and lifting global risk assets, including major cryptocurrencies and Asian stocks. Analysts s…
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