Iran could reopen the Strait of Hormuz within seven days if the U.S. eases military pressure and lifts its port blockade, according to multiple reports citing a senior Iranian official.
Oil prices subsequently fell with WTI crude more than 2.5% lower at $89 a barrel, roughly 15% below its September high. Brent crude dropped below $98 a barrel.
A sustained de-escalation in the Middle East could provide a tailwind for risk assets, with lower energy prices easing inflationary pressures and concerns over further interest rate hikes.
Bitcoin is consolidating around $86,000 following Monday’s sharp rally, which took it to an intraday high of $87,300. Gold is little changed over the past 24 hours at approximately $4,336 an ounce.
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James Van Straten
https://www.coindesk.com/markets/2026/09/22/live-updates-oil-falls-as-iran-signals-possible-hormuz-reopening-bitcoin-holds-near-usd86-000
2026-09-22 10:20:00
