A reported initial US-Iran peace deal to reopen the Strait of Hormuz could support higher Iraqi exports, lower oil prices and inflation pressure, and lift risk assets including Bitcoin.
Iraq plans to increase oil exports through a deal tied to the Strait of Hormuz on Friday, while a reported initial peace deal between the US and Iran to reopen the waterway has driven oil lower and Bitcoin higher. Together, the developments point to easing energy-supply risk around one of the world’s main oil shipping chokepoints, with potential implications for global oil-market stability, inflation pressures, economic policy expectations, and broader risk sentiment.