Trump announces full reopening of Strait of Hormuz by Friday, oil prices drop

Trump announced the full reopening of the Strait of Hormuz by Friday, causing oil prices to drop. This move is expected to stabilize global energy markets and reduce overall energy costs. Additionally, the reopening may ease pressure on crypto markets and potentially boost crypto mining profitability. While the action highlights the geopolitical role of crypto and aims to stabilize markets, some risks remain regarding the overall impact on global energy and financial stability.