The global financial markets are rallying following the announcement of a two-week ceasefire between the United States and Iran. According to a CNN report detailed by The Kobeissi Letter, the agreement allows Iran and Oman to charge fees for ships transiting the Strait of Hormuz, with funds directed toward Iran’s reconstruction. The development has spurred significant gains, with Bitcoin surpassing $72,000, the S&P 500 nearing 6,800, and gold prices soaring toward $4,900 per ounce.
A temporary ceasefire between the United States and Iran has lifted risk assets globally. Cryptocurrency markets, alongside traditional stocks and metals, are displaying strong positive momentum.
The two-week pause was reported by CNN, as stated in a post from The Kobeissi Letter. The plan permits Iran and Oman to collect transit fees from ships passing through the Strait of Hormuz.
“The two-week ceasefire plan between Iran and the US allows Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, per CNN. A regional official said this money would be used for the reconstruction of Iran.” Iran had recently been charging around $2 million for a one-way voyage.
This geopolitical de-escalation has driven a broad market rally. Bitcoin surged above $72,000 while gold prices approached $4,900 per ounce.
The S&P 500 index is now trading near 6,800, according to market data. Japan’s stock market also responded positively, surging nearly five percent.
Investors are now assessing Bitcoin’s potential trajectory. According to stats from CoinCodex, Bitcoin may surge to hit $75,000 by early May 2026.
The platform provides longer-term forecasts, though these are not current market facts. Its models project an end-of-year price of $83,110 for 2026.
