Reports of possible U.S.-Iran de-escalation triggered sharp cross-market moves. Oil initially fell more than 10% as traders reduced supply disruption fears tied to the Strait of Hormuz, with one report citing WTI later down 4% at $93.14 and Brent down 3.48% to below $97, before U.S. crude reportedly rebounded 8% within an hour as doubts over the reported deal grew. At the same time, broader markets turned risk-on, with the S&P 500 and Nasdaq closing at record highs and the VIX falling 5%. In crypto, Bitcoin held near or rebounded above $81,000 after slipping more than 2.3% from a four-month high of $82,751, while Ether traded below $2,330, showing a pause in crypto gains even as macro sentiment improved.