President Donald Trump is privately weighing a formal declaration that the US-Iran war is over, a step that lifted Bitcoin in early Thursday trading and pushed Brent crude toward $95 a barrel. Both oil benchmarks remain about 40 percent above year-ago levels.
Bitcoin recovered modestly in early Thursday trading as President Donald Trump privately discussed formally declaring the US-Iran war over, easing geopolitical risk.
A formal declaration would mark the second time the administration has tried to close out the conflict. The Pentagon confirmed Wednesday that Operation Epic Fury officially ended May 5, the same day Secretary of State Marco Rubio told reporters "the operation is over," though U.S. and Iranian forces have exchanged on-and-off fire since, including heavy American strikes this week that Trump said hit Iran "very hard."
The de-escalation signal rippled through commodities. Brent crude slipped toward $95 a barrel after trading just below $96, while West Texas Intermediate held above $90. Both benchmarks remain about 40 percent higher than a year ago, before the war sharply curtailed tanker traffic through the Strait of Hormuz. The U.S. naval blockade has redirected 86 commercial ships, according to Central Command, and the average U.S. gasoline price stood at $4.12 a gallon.
For Bitcoin, the recovery reflects a rotation back into risk assets as the war premium fades, with ether and other majors tracking the move higher. A formal declaration would remove an overhang that has kept crude elevated and pressured crypto alongside equities since the conflict began in late February. Traders will watch whether the White House follows through and how quickly the premium unwinds from oil, which would reinforce the risk-on bid across digital assets.
This article is for informational purposes only and does not constitute investment advice.
