Crude oil prices are falling sharply, while U.S. equity futures are trending higher amid improving geopolitical sentiment.
The United States and Iran have reportedly agreed in principle to an interim deal aimed at ending hostilities and reopening the Strait of Hormuz, with formal signing expected in Switzerland on Friday.
Bitcoin has climbed to approximately $65,700, rising 2% over the past 24 hours and marking its strongest level since the early June decline.
WTI crude oil has dropped nearly 5% to just under $81 per barrel, hitting its lowest point in roughly two months.
At the same time, Nasdaq 100 futures are up around 1.5%, while S&P 500 futures are gaining about 0.9%.
