Finance

Oil prices experienced significant declines following reports of a tentative peace deal between the United States and Iran, which included the anticipated reopening of the Strait of Hormuz. West Texas Intermediate futures fell below the $80 mark for the first time since March, although prices remained sensitive to ongoing negotiations and regional stability.

While the Dow Jones Industrial Average reached new record closing highs near 52,000, the Nasdaq and S&P 500 faced pressure from a sharp selloff in the semiconductor sector. Major chipmakers including AMD, Micron, and Nvidia saw notable losses as investors shifted capital toward industrial and financial stocks following a reduction in geopolitical risk.

Bitcoin has maintained a trading range between $63,000 and $65,000 as institutional demand shifts from speculative growth toward infrastructure resilience. While the market remains sensitive to the Federal Reserve's hawkish tone and a strengthening U.S. dollar, total crypto market capitalization has recovered from annual lows seen earlier this month.