The Strait of Hormuz, through which roughly a fifth of global oil passes daily, could reopen for unrestricted shipping within 30 days of a finalized US-Iran peace deal. The framework is emerging from negotiations in Doha, with Pakistan and Qatar mediating.
For crypto markets, the signal is clear. Bitcoin and altcoins like NEAR Protocol, Ondo Finance, and Hyperliquid rallied on May 25, 2026, as the probability of a deal increased.
Under the proposed terms, Iran would clear mines and allow free passage without transit fees. Talks also cover nuclear concerns, potentially surpassing the 2015 JCPOA framework.
Iran has previously explored using cryptocurrency for transit payments, including insurance and tolls. Whether digital assets become part of the final settlement infrastructure remains to be seen, but the precedent exists.
No formal agreement has been signed. Both US and Iranian authorities must still confirm the framework.