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Bitcoin held near local highs on Sunday after U.S.
President Donald Trump announced a peace agreement with Iran, pledging that the Strait of Hormuz would "open to all." The geopolitical development lifted sentiment around $BTC, with analysts describing conditions as favorable for a sustained price rebound.
Why the Strait of Hormuz Moves Markets The Strait of Hormuz is the narrow chokepoint between Iran and the Arabian Peninsula through which a major portion of the world's seaborne oil supply travels.
When that passage is threatened, energy costs rise and investors price in broader uncertainty; when a credible commitment to keep it open emerges, the reverse tends to follow.
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