Bitcoin Rises 2.13% as US-Iran Standoff Drives Oil Up 3%

Geopolitical tension lifts oil prices 3% and weighs on US equities, while Bitcoin gains 2.13% to $64,288 amid stalled diplomatic talks.

Woofun AI reports that international oil prices increased by approximately 3% on Monday as diplomatic progress between the US and Iran appeared unlikely. The memorandum of understanding signed in June technically expired, with disagreements persisting regarding the Strait of Hormuz. Trump stated he had no intention of extending the deal, while officials indicated the US is engaged in a long-term strategy and remains patient. US equity markets closed lower, with the Dow Jones and S&P 500 each falling 0.5% and the Nasdaq declining 0.32%. Bitcoin traded at $64,288, reflecting a 2.13% increase over the past 24 hours.