$Oil has slipped back below $80 as optimism around the Strait of Hormuz situation improves.

Diplomatic talks involving Iran, Oman, and Pakistan appear to be easing some supply concerns.

If geopolitical tensions continue to cool and oil remains lower, inflation pressure could soften, which may create a more favorable backdrop for Bitcoin and altcoins in the days ahead.

#oil #USIranReportedlyReachCeasefireConsensus