Live updates: Oil falls as Iran signals possible Hormuz reopening, bitcoin holds near $86,000

60-second summary

WTI crude slides to $89 a barrel after reports that Iran may reopen the Strait of Hormuz within seven days, easing a key supply choke point and prompting traders to trim bullish bets. Bitcoin steadies near $86,000, holding its record high despite the oil dip, as investors balance geopolitical risk relief with continued cryptocurrency momentum, supporting overall market optimism.