Oil prices are extending losses, while U.S. stock futures move higher as geopolitical tensions ease.
The U.S. and Iran have reportedly reached an interim understanding to end hostilities and reopen the Strait of Hormuz, with a formal agreement expected to be signed in Switzerland on Friday.
Bitcoin has risen to around $65,700, up 2% in the past 24 hours, reaching its highest level since the early June downturn.
WTI crude has fallen nearly 5% to just below $81 per barrel, its weakest reading in about two months.
Meanwhile, Nasdaq 100 futures are up roughly 1.5%, and S&P 500 futures have gained around 0.9%.
