Iran denies reports of Strait of Hormuz reopening
- —Fars says Reuters and Kyodo reports on the Strait of Hormuz reopening are untrue
- —Oil prices fell on expectations of Iran-US talks and a Hormuz reopening
- —Uncertainty over the Strait of Hormuz has risen again after the denial
Why it matters: Renewed geopolitical uncertainty around Hormuz supports oil prices and could lift demand for bitcoin as a hedge.
Source: Bloomingbit
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