Brent Oil Falls Below $80 With US-Iran Deal Set to Add Supply

Brent oil prices dropped below $80 per barrel for the first time since early March. This decline followed a US-Iran deal to reopen the Strait of Hormuz, which increased expectations for a revival in supply. The price dip also triggered $46.6M in crypto liquidations, highlighting the volatility and interconnectedness of global markets. These events demonstrate how shifts in traditional energy sectors can directly impact the crypto sector through significant market liquidations and financial volatility.