WTI crude oil fell to $89 after reports indicated that Iran could reopen the Strait of Hormuz within seven days, according to CoinDesk. The potential reopening has put pressure on oil prices, with the development closely watched across energy markets. Brent crude is also among the assets affected by the latest market move. In cryptocurrencies, Bitcoin remained near $86,000 as the oil market reacted to the reports. The update comes as traders assess the possible implications of renewed access through the strategic waterway for crude transportation. CoinDesk reported the developments on September 22, 2026. Bitcoin, NEAR Protocol and OpenLedger were among the crypto assets included in the related market coverage.
Source
CoinDesk
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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