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Iran submits Hormuz reopening terms as WTI falls to $95.7

  • Iran submitted terms through Qatar-based mediators to reopen the Strait of Hormuz.
  • WTI crude fell more than $2 to $95.7; the Nasdaq rose 0.7%.
  • Bitcoin reclaimed $84,000 as US-Iran talks entered a more technical phase.

Iran has submitted terms through Qatar-based mediators for reopening the Strait of Hormuz, while US-Iran talks have entered a more technical phase, Axios reported. Markets reacted as WTI crude fell more than $2 to $95.7, the Nasdaq rose 0.7%, and Bitcoin reclaimed $84,000.

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